London stocks rose in early trade on Monday following a positive session in Asia, as traders returned to their desks after the long Platinum Jubilee weekend to news that Prime Minister Boris Johnson was facing a vote of no confidence.
At 0900 BST, the FTSE 100 was up 1.2% at 7,626.18, while sterling was 0.5% firmer against the dollar 1.2549 as it emerged that Conservative MPs will hold a vote of no confidence in Johnson later in the day.
The vote will take between 6pm and 8pm, said MP Graham Brady, who chairs the Conservative Party’s obscure 1922 committee, which consists of all backbench lawmakers.
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