Sterling holds near day's high after Johnson quits as PM

Reuters Images

Sterling was last up 0.5% on the day at $1.1979

Tommy Reggiori Wilkes and Lucy Raitano, Reuters News

July 7, 2022

PHOTO

The British pound was unmoved and held near the day's highs versus the dollar on Thursday while UK stocks added to gains after Boris Johnson announced he would resign as prime minister.

Sterling was last up 0.5% on the day at $1.1979, roughly where it was trading before Johnson resigned, while against the euro it was last at 85.1 pence, up 0.4% on session.

The FTSE 250 index of domestically focused UK stocks rose to fresh one-week high after Johnson's statement. (Reporting by Tommy Reggiori Wilkes and Lucy Raitano; editing by Dhara Ranasinghe)

Reuters

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.