UK Pound strengthens following the Prime Minister's resignation

Reacting to the announcement of the Prime Minister’s resignation, Trevor Greetham, Head of Multi Asset at Royal London Asset Management said:

“The pound strengthened markedly on news that Boris Johnson resigned as Conservative Party leader. An uncertain leadership election with no clear front runner ought to be a source of uncertainty for financial markets, but a continuation of the chaotic scenes of recent weeks was arguably worse.”

–ENDS–

The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.