UK PM Johnson to reshuffle cabinet on Wednesday – Reuters

Eren Sengezer FXStreet

Citing a source familiar with the matter, Reuters reported on Wednesday that British Prime Minister Boris Johnson will reshuffle his cabinet later in the day.

"The Prime Minister will be appointing ministers this afternoon with a focus on uniting and levelling up the whole country," the source told Reuters.

Market reaction

This development doesn't seem to be having a noticeable impact on market sentiment. As of writing, the UK's FTSE 100 was posting small daily gains at 7,037. Meanwhile, the GBP/USD pair was up 0.11% at 1.3821.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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