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Sterling Pressured After Tori Rebellion

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Pound pairs across the board were shaken up after a Tori party rebellion against Boris Johnson.

Even though he won a vote of confidence, his peers have stated that the damage has already been done after the ‘partygate’ scandal.

The last time we saw a vote of no confidence with Theresa May, the pound sank to a 20-month low against the dollar.

So, will this happen again and what will it mean for the markets if Boris Johnson does resign?

Timestamps

GBPUSD 01:50

EURUSD 03:10

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