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7/5, 8:57 PM (Source: TeleTrader)
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Pound declines as UK govt loses 2 key ministers

The sterling dropped to a new March 2020 low against the dollar on Tuesday following the news that both British finance and health secretaries resigned their posts.

Rishi Sunak and Sajid Javid separately sent letters to Prime Minister Boris Johnson earlier today, stating different points of view regarding governing the country compared to Johnson as the reason behind their decisions.

The pound fell 1.32% against the dollar to change hands for 1.19466 at 8:30 pm CET.

Baha Breaking News (BBN) / MM