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<EU Mkt>Rishi Sunak To Meet with King to Resign as PM; FTSE 100, GBP Inch Up
UK Prime Minister Rishi Sunak said he will soon meet with the King Charles III to hand in his resignation. Labor Party leader Keir Starmer will succeed him as the PM. As expected, ...
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<EU Mkt>Rishi Sunak To Meet with King to Resign as PM; FTSE 100, GBP Inch Up
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UK Prime Minister Rishi Sunak said he will soon meet with the King Charles III to hand in his resignation. Labor Party leader Keir Starmer will succeed him as the PM.

As expected, the Labor Party had sweeping victory in the general election, winning at least 412 seats in the House of Commons. Sunak apologized and said he will resign as leader of the Conservative Party, but not immediately. The Conservative Party is expected to win 121 seats.

In this election, former Prime Minister Liz Truss lost her seat in the House. Nigel Farage, leader of the far-right Reform UK party, won.

The FTSE 100 went up 19 pts or 0.2% to last at 8,260. GBP/ USD rose 0.2% during European trading hours, last at 1.2785.
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