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For the best Barrons.com experience, please update to a modern browser. British investors cheered the resignation of Prime Minister Liz Truss, whose recent budget plans disrupted markets and prompted intervention by the Bank of England. Stocks, bonds, and the pound crept higher early Thursday as rumors swirled in U.K. media that Conservative Party lawmakers were pressuring their leader to exit Number 10 Downing Street. A flurry of buying came shortly after 1:30 p.m. London time, when Truss confirmed in a press conference that she would resign as prime minister after just 45 days on the job—making her the shortest-tenured British leader in history. British investors cheered the resignation of Prime Minister Liz Truss, whose recent budget plans disrupted markets and prompted intervention by the Bank of England. An error has occurred, please try again later. Thank you This article has been sent to
U.K. Markets Cheer After Liz Truss Resigns. 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Updated Oct. 20, 2022 12:30 pm ET / Original Oct. 20, 2022 8:45 am ET
U.K. Markets Cheer After Liz Truss Resigns. Stocks, Bonds, and the Pound Gain.
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