Pound nears lowest level since pandemic amid more chaos for Boris Johnson

clock • 2 min read
Pound nears lowest level since pandemic amid more chaos for Boris Johnson

The British pound fell against the US dollar and the UK's leading benchmark FTSE dropped amid more uncertainty coming from PM Boris Johnson's administration. UK health secretary Sajid Javid said in a tweet that he quit Johnson's government and that he's lost confidence in the prime minister. Meanwhile, the chancellor of the exchequer Rishi Sunak also announced his resignation on Tuesday. The prime minister has since named Nadhim Zahawi as the new chancellor and Steve Barclay as health s...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login