FTSE and pound rise and gilts remain regular as Truss quits as PM

BUSINESS CLOSE: FTSE and pound rise and gilt yields remain regular as Liz Truss quits as Prime Minister

By Live Commentary

Published: 02:48 EDT, 20 October 2022 | Updated: 13:16 EDT, 20 October 2022

Liz Truss has resigned as leader of the Conservative Party – making her Britain’s shortest serving Prime Minister and opening up one other leadership contest.

The FTSE 100 and pound edged up and gilts remained regular as Truss announced she would stand down, with the Tories on account of select a recent leader inside every week.  

Amongst UK firms with reports and updates are Dunelm, Relx, Travis Perkins, Schroders, AJ Bell and National Express. Read the Thursday 20 October Business Live blog below.

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