Markets weigh Tory rebellion against Boris Johnson and UK stagflation fears      

The Ftse-250 index ended almost 1% lower while the pound at one stage traded at 85.48 pence against the euro

A placard is held on College Green in central London, ahead of Boris Johnson facing a vote of no confidence by Tory MPs on Monday night.

Sterling eased slightly against the euro, while UK gilts were little changed and UK shares slipped, as traders weighed the potential for an extended period of British political uncertainty following the large Tory Party rebellion that may lead to the ousting of UK prime minister Boris Johnson.

The yield on the 10-year gilt traded at 2.23%, slightly lower in the session, the Ftse-250 index which provides a wide picture of firms exposed to the British economy ended almost 1% lower, while the pound at one stage traded at 85.48 pence against the euro, and at $1.2502.