Today: Tuesday, 16 August 2022 year

British pound and London Stock Exchange rose after Johnson’s resignation

British pound and London Stock Exchange rose after Johnson’s resignation

The pound sterling and the leading indices of the London Stock Exchange FTSE 100 and 250 began to grow after reports of the possible resignation of British Prime Minister Boris Johnson. This is evidenced by trading data on the stock exchange, published on Thursday.

After the British currency traded at its lowest level in two years against the dollar on Wednesday, and after reports from the British media about the resignation of the head of government, it strengthened by 0.34% to $1.1966. The main indices of the London Stock Exchange FTSE 100 and 250 also rose – by 1.2% and 0.9% respectively.


Earlier, at least 54 people left Johnson’s cabinet, including four ministers. On Wednesday evening, a group of government members during a personal meeting called on the prime minister to leave voluntarily and “with dignity.” Nevertheless, Johnson stated that he did not intend to leave his post.

However, on Thursday morning, a number of British media reported that the head of government will make an appeal to the nation, in which he will announce his resignation.
Recently, a number of scandals have erupted around Johnson. The prime minister’s rating plummeted when information was made public about parties that took place at the residence of the head of government during the tough coronavirus restrictions in 2020-2021. The Prime Minister for a long time denied his knowledge and involvement in what was happening, but later there was evidence of his participation in these parties.


The latest in a series was the scandal surrounding the deputy chief party organizer of the Conservatives, Chris Pincher. He, being drunk, molested two men. Subsequently, it turned out that Pincher had previously been investigated for harassment, but Johnson, knowing this, promoted him.