UK PM Truss to make a statement at 1330 GMT

According to the latest headlines floating on the wires, the UK conservative lawmaker Jill Mortimer was quoted saying that they have submitted a letter of no confidence in Prime Minister Liz Truss.

This comes amid reports that the 1922 Committee is co-ordinating optics to help soften the blow for the Prime Minister.

Next on tap is a statement by the UK PM Truss at 1330 GMT.

Market Reaction:

The British pound strengthens a bit in reaction to the news, lifting the GBP/USD to a fresh daily high, around the 1.1275-1.1280 region in the last hour.