UK Northern Ireland minister is said to have quit government

Minister of state for Northern Ireland, Shailesh Vara, is said to have resigned

According to a Huffington Post correspondent. No further details on the story here but we'll report again if there is further confirmation. For now, this remains unofficial but so far the sentiment is enough to drag the pound lower on the day.

Update: Reuters confirms the story now. Vara is one of those to have backed the 'Remain' campaign so this possibly isn't too much of a surprise. But among ministerial resignations, this is inconsequential. But the fear is that it could spark a wave.

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