There are unconfirmed reports that Prime Minister Boris Johnson is about to resign.
The pound rose against the U.S. dollar in the early morning hours. Time in London.
CNBC and NBC News did not verify the reports that led to the rise of the stock index.
The 10-year U.K. government bond yield went up.
Less than 48 hours later, more than 50 MPs resigned from Johnson's government.
Since Tuesday, when the health and finance minister resigned, the prime minister has been under increased pressure. There were a lot of departures from government.
The final straw for many MPs is Conservative lawmaker Chris Pincher. The former deputy chief whip was accused of drunkenly groped two men.
Johnson apologized for appointing Pincher deputy chief whip even though he knew of an investigation into his behavior.
The Chancellor and Health Secretary resigned after it was revealed that Johnson was aware of the allegations.
The tightrope between loyalty and integrity has become impossible in recent months according to a resignation speech by Javid.
Many of the people who supported Johnson's leadership have stopped supporting him.
There is a breaking news story that will be updated soon.
All Rights Reserved © 2024
