According to unverified reporting by the UK’s Daily Telegraph, the UK’s ruling Conservative party’s coalition deal with Northern Ireland’s DUP could be axed unless the Tories call for a no-confidence vote in PM Theresa May and install a new UK leader with more hard-line Brexit tendencies.
according to the Daily Telegraph, whose sources currently remain largely unverified, the DUP would automatically vote down any withdrawal agreement tabled by PM May regardless of content, and the DUP is alleged to be playing hardball with the UK Tories, demanding a new UK leader.
Theresa May’s latest draft proposal has seen another round of ship-jumpers from within her own government, with Dominic Raab resigning as Brexit minister and Esther Mcvey vacating her seat as the work and pensions minister, leaving the prime minister further isolated within her own government, and key Tories within the UK government have allegedly already delivered letters recommending a no-confidence vote in PM May’s government.
The GBP/USD is unmoved in early Friday action as broader markets await more significant confirmations beyond the rumours.
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