Goldvero
Beta
metals

British Pound slips as Burnham fiscal pledge fails to lift Sterling

The Pound Sterling reverses course and turns negative on the day as Andy Burnham is named the new Prime Minister and reassures that he will stick to the fiscal rules set by the former Chancellor, Rachel Reeves, who just resigned. The GBP/USD trades at 1.3425, after hitting a daily high of 1.3481.

FXStreet — Commodities Jul 20, 2026 1 min read

The Pound Sterling reverses course and turns negative on the day as Andy Burnham is named the new Prime Minister and reassures that he will stick to the fiscal rules set by the former Chancellor, Rachel Reeves, who just resigned. The GBP/USD trades at 1.3425, after hitting a daily high of 1.3481.

Source

Read the full article on FXStreet — Commodities
metalsmarkets
Share:

Related articles

metals

British Pound holds positive ground near 1.3450 after UK employment data

Read metals

Euro: Downward bias capped by 1.1390 support against US Dollar – UOB

Read metals

UK Unemployment Rate steadies at 4.9% in May vs. 5.0% expected

Read