In a brief statement, U.K. Prime Minister Liz Truss announced her resignation. Truss said she cannot deliver on the mandate she won in the Conservative election, and said a new leadership election will be held in a week. Betting markets suggest that Rishi Sunak, the former chancellor, may succeed her. The pound was stronger on the day, at $1.1272, and U.K. bonds also rose.
Top 3 trade ideas for 8 May 2026
Trade ideas for EURUSD, USDJPY, and EURGBP are available today. The ideas expire on 8 May 2026 at 11:00 PM (GMT +3). EURUSD trade idea