UK PM Johnson says he will stay and appoint new cabinet ministers

UK PM Johnson reportedly plans to stay on and appoint new Cabinet ministers, according to Bloomberg sources.

However, the UK 1922 committee rebels plan to rule change to oust PM Johnson, the Telegraph reports.

Under existing rules, they will have to wait until 12 months after the recent confidence vote before they launch a fresh challenge to the Prime Minister’s leadership. Mr Johnson won that vote despite 148 Tory MPs voting against him.

Meanwhile, despite the political turmoil, the GBP bulls have staying power but the case for the downside is made as per the price imbalances on lower time frames:

With that being said, the price has advanced beyond the 78.6% threshold and the 1.1950s which leaves bulls in control.


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