if UK PM Brown quits...

Would we expect a drop in GbpUsd etc?

I can see that currencies have stability when governments have stability, how would browns departure be seen around the world?

ta

ww

A drop in GBPUSD would be most likely, though if there was a long lead up, it could get priced into pair before it actually happens.

Can't see it happening though, not many ministers in public support of Purnell right now.

In London, heighten political tension sent the pound toward its biggest decline against the USD since April as government officials James Purnell and John Hutton resigned late yesterday and this morning, pressuring Prime Minister Gordon Brown to step down. Political uncertainty under the Brown administration has put downward pressure on the GBP. PPI was lower than expected at 0.4% vs. 0.8% easing inflation fears a bit. The euro rose against the USD on yesterday’s news from Trichet that interest rates will remain unchanged and that the worst of the economy’s decline may be nearing over the next few months.

PS : I got this from amc´s news section)