Nigel Farage resigns from parliament, plans to run again in by-election

Farage's resignation amid scrutiny may weaken his political influence, highlighting potential shifts in voter sentiment and Reform UK's appeal. The post Farage resigns from UK Parliament amid donation probe, triggers by-election appeared first on Crypto Briefing.

Andrew Bailey reportedly said Bank of England policy remained independent after a meeting with Nigel Farage that included discussions on cryptocurrency.

Farage's uncertain by-election prospects highlight the potential impact of financial scrutiny on political careers and voter trust. The post Nigel Farage faces voter backlash in Clacton by-election amid financial probe appeared first on Crypto Briefing.

Farage's resignation and financial scrutiny could weaken his political influence, while opposition unites tactically, impacting Reform UK's future. The post Farage resigns as MP, faces by-election amid financial probe appeared first on Crypto Briefing.

The post Bankers Filed Suspicious Activity Report Over Farage’s £5M Gift From Tether Billionaire appeared on BitcoinEthereumNews.com. In brief Bankers reported a £5 million ($6.7 million) gift to Nigel Farage from crypto billionaire Christopher Harborne to the UK’s National Crime Agency, the Guardian has reported. They filed a suspicious activity report in May 2024, saying they could not trace where the money ultimately came from; such a report is not proof of wrongdoing. Reporting on the SAR comes amid a standards investigation into whether Farage should have declared the gift, which he says he was under no obligation to do. Nigel Farage’s £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK’s National Crime Agency by bankers, the Guardian has reported. The bankers filed a suspicious activity report, or SAR, with the agency on May 16 2024, according to the Guardian, which noted they were not satisfied they could trace the ultimate origin of the f

The post British Pound: Sterling supported as yields retrace – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Derek Halpenny highlights that implied volatility in GBP/USD has barely moved after Nigel Farage’s decision to resign and recontest his Clacton seat, calling the by‑election a sham with potential further votes if he is sanctioned. He stresses that GBP volatility is more tied to incoming PM Andy Burnham’s economic stance, with lower 10‑year Gilt yields, contained fiscal worries and weaker UK inflation supporting the Pound as a top G10 performer. Politics, yields and Pound performance “Finally, there has also been limited changes to implied vol level in GBP/USD on the back of the announcement from Nigel Farage that he will stand down as MP for Clacton but then contest the same seat in the by-election. This was to protest the investigations by the parliamentary standards committee into his finances on concerns he breached parliamentary rules.” “This will result in the investigat

Farage's resignation and re-election bid amid a crypto probe could reshape political dynamics, influencing market perceptions and public opinion. The post Nigel Farage resigns as MP to recontest amid crypto donation probe appeared first on Crypto Briefing.

Farage's unchallenged run in Clacton highlights potential shifts in political dynamics, emphasizing the influence of strategic party decisions. The post Farage faces little opposition in Clacton by-election as rivals step aside appeared first on Crypto Briefing.