Analysis-Sterling traders see Johnson emerging weaker from confidence vote

Published by
Reuters UK

By Lucy Raitano and Sujata Rao (Reuters) – The pound firmed on news of the confidence vote against British Prime Minister Boris Johnson, betting he will emerge weakened as a leader and less likely to succeed with potentially damaging changes to a key Northern Ireland trade agreement. Johnson is widely expected to survive Monday’s vote, called after growing numbers of lawmakers in his Conservative Party questioned his flagging authority over the “partygate” scandal, which led to a series of fines for gatherings in his Downing Street office and residence that broke COVID-19 lockdown rules. A maj…

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