First Thing: UK PM Boris Johnson to quit after extraordinary cabinet mutiny

Johnson to resign as party leader but push to stay on as PM until autumn. Plus, Biden planned to nominate an anti-abortion lawyer

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Good morning.

The UK prime minister, Boris Johnson, has been forced to resign as Conservative leader after an unprecedented standoff with his own cabinet that triggered dozens of resignations following criticism over his government's handling of a series of scandals, the latest surrounding alleged sexual misconduct by a deputy chief whip.

The pound was trading higher on the news of Johnson's resignation - up 0.6% at 1.198 US dollars after it fell to a two-year low against the dollar amid instability as the PM attempted to cling on.