JoelWarby

What Does Boris Johnson Resigning Mean For Markets?

OANDA:GBPUSD   British Pound / U.S. Dollar
In this video we address potential market outcomes of the current scandal engulfing Boris Johnson's leadership.

We see 3 potential outcomes, I've listed them briefly below and fully explained them in the video.

Option 1 - Boris Johnson resigns quickly and Rishi Sunak becomes the new prime minister. This would be positive for the GBP
Option 2 - We see a messy process over the next week or two where the conservative party force a vote of no confidence in Boris Johnson. This situation would be volatile for markets.
Option 3 - A surprise General Election is called. This would be negative for markets initally until clarity is established.

Let me know in the comments below your thoughts on how this could affect markets.