GBP/USD finds support at the 61.8%, and much like the UK's PM, survives political Monday By ross_burland GBPUSD Politics UnitedKingdom
For now, the PM is in office, but there are questions over his leadership on a poor outcome in the vote.
Sterling bulls moved in to support the currency around a confidence vote on Monday after a growing number of lawmakers in Boris Johnson's Conservative Party questioned the British leader's authority over the "partygate" scandal. The outcome left the PM at the helm but the vote proves that he has little support from within his own party which hangs like danger on a rope over his leadership. Johnson won the support of 211 MPs but 41% of his party voted to get rid of him. It was the worst verdict on a sitting prime minister by their own party in recent times.waned from earlier levels. After touching a near 20-year high of 105.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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