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However, US President Eisenhower condemned the joint action at the United Nations and pressed for a cease-fire. This was concluded on 6 November 1956, and British and French forces withdrew by mid December. Britain had been forced to agree by its need for an International Monetary Fund loan which America could otherwise have vetoed.
 
However, US President Eisenhower condemned the joint action at the United Nations and pressed for a cease-fire. This was concluded on 6 November 1956, and British and French forces withdrew by mid December. Britain had been forced to agree by its need for an International Monetary Fund loan which America could otherwise have vetoed.
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The outcome of the crisis was a severe blow to the prestige and great power pretensions of Britain and France, and helped Nasser to build up an image as a pan-Arab strong man. It also diverted Western attention from the [[Soviet Union]]'s intervention in [[Hungary]] to crush the anti-[[Communist]] uprising in that country.
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The outcome of the crisis was a severe blow to the prestige and great power pretensions of Britain and France, and helped Nasser to build up an image as a pan-Arab strong man. It also diverted Western attention from the [[Soviet Union]]'s intervention in [[Hungary]] to crush the anti-[[Communist]] uprising in that country.
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Sir [[Anthony Eden]], who had been British Prime Minister throughout the crisis, resigned in early 1957, ostensibly for health reasons.
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Sir [[Anthony Eden]], who had been British Prime Minister throughout the crisis, resigned in early 1957, ostensibly for health reasons. 
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The incident demonstrated the weakness of the [[NATO]] alliance regarding prior consultation with allies before a use of force and NATO's lack of planning and cooperation outside the European theatre.
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