UK politics have been stealing the limelight in recent weeks following revelations that the UK government had been flaunting lockdown restrictions on various occasions over the last two years. Get your market update from JMcQueenFX here:
UK politics have been stealing the limelight in recent weeks following revelations that the UK government had been flaunting lockdown restrictions on various occasions over the last two years. In light of these revelations, voting intentions for the Conservative party have slumped, with the Labour party now showing a commanding lead. Meanwhile, the Prime Minister’s approval rating has plunged to 29%.
The main focal point will be on the conclusion of Sue Gray’s investigation, which many Conservative MPs will await before they make their decision on whether to send a letter of no-confidence into the 1922 committee. Therefore, this report will be key as to whether Boris Johnson stays on as PM or not. As it stands, the Prime Minister is 3/1 to resign before the end of the month and odds on to be ousted before the Conservative Conference in October.
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