Boris Johnson’s Chances Of Survival Rated 50/50

Cabinet Ministers believe there is a 50/50 chance that Boris Johnson will be forced out of office after four of his most senior aides quit 10 Downing Street and his Chancellor publicly rebuked him,” said the Times while conveying political hardships for UK’s Johnson during early Friday morning in Asia.

Dan Rosenfield, UK Chief of Staff, joins Principal Private Secretary Martin Reynolds is among the four key diplomats from Johnson’s team that are leaving the boat, signals the news. The latest duo marked mutual consent for their departure after Party gate.

The others leaving No10 are Head of Policy Munira Mirza and Director of Communications Jack Doyle. It is worth mentioning that UK Chancellor Rishi Sunak was cited as rebuking PM Johnson due to his claims that Labour Party Leader Sir Keir Starmer was responsible for not prosecuting the pedophile Jimmy Savile.

As for market’s implications, the GBP/USD pair grinds higher around a two-week low after the previous day’s BOE actions and the latest political news. However, major attention is on today’s US employment details.