UK Foreign Office Minister Alan Duncan resigns, Cable slips further

Dhwani Mehta FXStreet

Reuters reports the latest headlines citing that the UK Foreign Office Minister Alan Duncan has resigned from his position.

This comes ahead of Tuesday’s UK Tory leadership outcome, with markets almost certain that hardliner Boris Johnson will become the new British Prime Minister.

The selling interest around the Pound picks up pace on the above headlines, with GBP/USD printing session lows near 1.2470 region.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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