https://www.youtube.com/watch?v=xPNKjcXaR_s

The pound rose against the dollar on the news of Prime Minister Liz Truss's resignation, before shedding some of the gains.

Sterling touched $1.13 at one point before slipping back.

UK government borrowing costs had also been falling ahead of the prime minister's announcement.

One analyst said the reaction of the markets indicated they were "relieved" by Ms Truss's departure despite there still being a lot of uncertainty

"Overall, the resignation of Truss is a step that needed to happen for the UK government to move further along the path towards restoring credibility in the eyes of the financial markets," said Paul Dales, chief UK economist at Capital Economics.

"But more needs to be done and the new prime minister and their chancellor have a big task to navigate the economy through the cost of living crisis, cost of borrowing crisis and the cost of credibility crisis."

Simon French, chief economist at Panmure Gordon, said the market reaction had been "fairly muted", with investors waiting for the "detail of what comes next".

Chia

London Bridge is really really down

Forget it!....na now the real wahala start for Britain

Dem never see anything....

People think say Karma na joke...

For all their evil atrocities the world over, the UK go reap their rewards constantly.

This one come in just to kill Eliza...