• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Sterling, FTSE 100 gains on unconfirmed reports UK PM Boris Johnson will resign today

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets, Trade
1 min read
0 0
0
51
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Sterling, FTSE 100 gains on unconfirmed reports UK PM Boris Johnson will resign today

Sterling hit a session high Thursday following multiple unconfirmed reports that Prime Minister Boris Johnson is set to resign.

The pound rose 0.35% against the U.S. dollar to trade at $1.1971 around 9.25 a.m. London time.

Meanwhile the FTSE 100 stock index rose 0.7% following the reports, which were not independently verified by CNBC or NBC News.

In bond markets, the 10-year U.K. government bond yield rose to hit 2.153%.

It comes after more than 50 MPs resigned from Johnson’s government within 48 hours.

The prime minister has been under increasing pressure since Tuesday, when two government heavy weights, the health and finance minister, resigned from office. This led to a cascade of departures from government.

RelatedPosts

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

It follows a premiership plagued by scandals and allegations of misleading the public, but the final straw for many MPs involves Conservative lawmaker Chris Pincher. The former deputy chief whip was suspended last week amid accusations that he drunkenly groped two men at a private members club.

Johnson on Tuesday apologized for appointing Pincher deputy chief whip — a senior party role — despite knowing of an investigation into his behavior in 2019.

The revelation that Johnson knew of the misconduct allegations prompted the resignations on Tuesday of Chancellor Rishi Sunak and Health Secretary Sajid Javid.

In a resignation speech to parliament Wednesday, Javid, also a former chancellor, said “treading the tightrope between loyalty and integrity has become impossible in recent months.”

Johnson narrowly survived a confidence vote from Conservative MPs last month, but many of those previously backing his leadership have now abandoned their support.

Source: cnbc
Via: norvanreports
Tags: FTSE 100 gains on unconfirmed reports UK PM Boris Johnson will resign todayPrime Minister Boris JohnsonSterling
No Result
View All Result

Highlights

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

Morocco and Madagascar set up Historic CHAN Final in Nairobi

US Open: Defending Champions Swiatek and Sinner Cruise Into Second Round

Otto Addo Names Strong 24-Man Squad As Black Stars Prepare For Crucial World Cup Qualifiers Against Chad and Mali

Trending

Business

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System

August 27, 2025

GRA to Tax Cryptocurrency Gains as Authority Prepares Digital Tracking System The Commissioner-General of the Ghana Revenue...

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

August 27, 2025

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

August 27, 2025

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

August 27, 2025

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

August 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.