British Prime Minister Boris Johnson thanks Sajid Javid for his work, new finance minister Rishi Sunak will take forward preparations for the budget, his spokesman told reporters on Thursday.
"There have been extensive preparations taken already on the budget, Sunak was a part of that and those preparations continue at pace," the spokesman added. "PM Johnson has created a new Downing Street economic team to be housed in No. 10 and No. 11 to jointly advise the PM and the Chancellor."
The British pound largely ignored these comments and the GBP/USD pair was last seen trading at 1.3055, adding 0.73% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.