Skip to content

Pound Holds Declines As Johnson Loses Two Key Cabinet Members

  • Javid and Sunak both announced their resignations on Tuesday
  • Pound is nearing lowest level since the onset of the pandemic
Video player cover image
UK's Sunak and Javid Quit Johnson's Cabinet
Updated on

The British pound held its decline versus the dollar after two members from Boris Johnson’s cabinet announced their resignations, dealing the latest blow to the UK prime minister.

UK Health Secretary Sajid Javid said in a tweet that he quit Johnson’s government and that he’s lost confidence in the prime minister. Chancellor of the Exchequer Rishi Sunak also announced his resignation on Tuesday.