GBP not showing too much response to the Boris Johnson vote (BJ won)

The market response to Boris Johnson winning the vote of confidence in his leadership is very subdued.

BJ won 211 for and 148 against, which is a poor result but nevertheless a win. Note that the support votes for Johnson are less, in percentage terms, than the previous PM Theresa May got. She resigned a few months later. Then again. May had some integrity.

• UK PM Boris Johnson survives

Market concerns on political stability can be put to bed, probably not for very long given the shaky result for BJ but for now attention can turn back t the litnay of woes facing the UK and GBP GBP The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking auth The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking auth Read this Term:

• skyrocketing inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• skyrocketing energy prices, food prices (non core inflation, for sure, but tell that to the households out there struggling)
• interest rate hikes from the Bank of England eating into households also
• Brexit debacle continues to play out in the form of trade restrictions hitting UK exports where there none previously, and ongoing disputes with the largest market in the world next door in the EU over Northern ireland

GBP update: