- Analytics
- News and Tools
- Market News
- At least 145 UK conservative lawmakers publicly back Boris Johnson as the confidence vote begins
At least 145 UK conservative lawmakers publicly back Boris Johnson as the confidence vote begins
Britain’s prime minister, beset by a scandal over lockdown parties, faces a decisive vote on Monday evening London time.
Conservative lawmakers have handed out to the PM Boris Johnson a potentially lethal blow to his leadership as they have triggered a no-confidence vote which could force him from his position as leader of the government a little more than two years after his landslide election victory.
After some distraction with the Ukraine way and a distraction from UK politics, the claims that Mr Johnson misled Parliament about lockdown-breaking parties held at Downing Street at the height of a coronavirus pandemic have resurfaced again.
It is reported that at least 145 UK conservative lawmakers publicly back Boris Johnson as the confidence vote begins, a Reuters tally shows.
Tory MPs have two hours to cast their votes in Parliament, and the result will be announced an hour after that, at 9 p.m. local time.
Market implications
This is unsettling for UK markets and the British pound which is sinking vs. the US dollar and could turn out to be fragile vs. the euro depending on the outcome.
GBP/USD H1 chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
