“Another government source suggests signs of preparation of a statement by the Prime Minister
But a conservative source warns figures like Andrew Griffith to hang in there and not listen to other voices.”
It’s unclear what Boris will do, although I don’t think it matters much for the markets
Some say the GBP rallies if (when) Bojo Goes. I do not agree.
1. Implies that the GBP weakened because of all of this – I’m not convinced the GBP cares.
2. Betting markets are almost entirely priced in what he left – So the price would already be in GBP if it mattered.