Breaking News: GBPUSD tests 1.13 after Liz Truss resigns | news

Breaking News: GBPUSD tests 1.13 after Liz Truss resigns |  news

British Prime Minister Liz Truss announced her resignation in a statement at 2:30 p.m. today. This came after days of talk about such a possibility. Truss had today met with the chairman of the 1922 Committee, a Conservative Party body that oversees votes and changes in party leadership. It looks like she has had enough and having lost the support of her own party she has decided to resign. However, she will remain in office until a successor is elected, just like Boris Johnson. GBP appreciated on the news and GBPUSD tested the 1.13 level, but much of that move has since been reversed. UK stocks also rose.

GBPUSD tested the 1.13 level after Truss retreated but has since given up much of the bullish move. Source: xStation 5

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