Sterling rises on Johnson's cabinet reshuffle
The British pound rose against most major currencies today, after the British PM Boris Johnson conducted a government reshuffle.
The Chancellor of the Exchequer, Sajid Javed, announced his resignation, while the market anticipate cabinet reshuffles.
The BBC quoted informed sources that the former conservative Treasury Secretary, Rishi Sunak, will take over the post.
This came as Johnson wants a cabinet appointed to draft the coming plans for the UK after implementing the Brexit on January 31.
While the markets are anticipating the details around the future relations and Prime Minister Johnson's deal with Brussels.
Otherwise, the UK confirmed recently the first case of coronavirus in the country, and Japan revealed the first death.
As of 20:37 GMT, GBP/USD rose 0.7% to 1.3044, after the pair hit a high of 1.307 and a low of 1.2944.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1043
|
0.0228
|
2.1059%
|
|
|
|
|
1.2822
|
-0.0126
|
0.9704%
|
|
|
|
Tadawul
|
7628.34
|
-82.78
|
1.07%
|
|
|
|
|
16.631
|
-1.862
|
10.069%
|
|
|
|
|
45.118
|
-8.214
|
15.402%
|
|
|
|
|
50.52
|
-1.66
|
3.18%
|
|
|
|
|
1583.530
|
-60.115
|
3.657%
|
|
