Ahead of Boris Johnson’s visit to the Queen to officially start forming his new government, British justice minister David Gauke has announced his resignation.
However, the news didn’t come as a surprise since “Given that I’ve been in the cabinet since Theresa May came to power, I think the appropriate thing is for me to resign to her,” Gauke said in a statement last Sunday.
In the meantime, the GBP continues to ignore political headlines and the GBP/USD pair was last seen trading at 1.2485, up 0.4% on a daily basis.