Senior eurosceptic UK conservative lawmaker Rees-Mogg has submitted letter of no confidence in PM Theresa May -Sun reporter

A lot of caution needed when trading GBP pairs

Is this the end?

Great stuff..
JRM as you all probably know is a Hedge Fund owner.(Income of over 300k pa arising)
A hedgefund that naturally, as part of its business, trades in currency.
So as you can imagine hes very careful to ensure his that market moving statements and initiatives do not benefit his commercial interests.

Waiting for a confirmed no confidence vote. In that case I'd be shorting GBP/USD. Would aim for 1.22.

Mogg is an egregious fellow - seems to belong to the house of Slytherin. Trouble is neither he nor his Etonian cabal have any 'cunning plan' as an alternative. This move speaks to the fact that he thinks he has a shot for the position of PM, or more likely try and be a 'King Maker' in waiting. History and the Tory party do not sit easily with this state of affairs - back stabbers inevitably get their own chance to fall on their swords.

Excellente

Mogg won't be PM. He's not acceptable to far too many...

JRM is charismatic, a concise speaker, an incisive mind and demonstrates a thick skin. However, those qualities would appear never to have been accepted as making him "Ministerial", never mind PM, To many, he advocates some extreme religious and social opinions. Once upon a time Parliament was full of his type: vocational, dutiful, intuitive representatives, rather then the plethora of career politicians presently pulling the strings. At best, he's the outspoken conscience of the governing party, the assistant coach to the team. As he's plain-speaking, when he states that he has no interest in being a Minister nor that anyone would offer him such a role, you can probably assume he won't be.

Pound sink for resigning breaxit secretary.