No false news shock resignation rumours on Friday morning – in fact the opposite. It looks like the prime minister is going to bring forward the Cabinet reshuffle in a desperate attempt to shore up his position, while chancellor Alistair Darling looks set to keep his job:

05Jun09 RTRS-BRITISH FINANCE MINISTER ALISTAIR DARLING TO STAY IN JOB AFTER CABINET RESHUFFLE — GOVT SOURCE

RTRS-BROWN TO APPOINT ALAN JOHNSON AS BRITAIN’S HOME SECRETARY IN RESHUFFLE – MEDIA

RTRS-BRITAIN’S DEFENCE SECRETARY JOHN HUTTON TO STAND DOWN – PARLIAMENTARY SOURCE 

Nevertheless, sterling is still under pressure:

Related link:
Bearing the Brownt – FT Alphaville
Purnell calls on Brown to quit – FT
James Purnell’s letter - FT

This entry was posted by Neil Hume on Friday, June 5th, 2009 at 9:05 and is filed under Capital markets, People. Tagged with Alistair Darling, gordon brown, sterling. Edit this entry.