British Pound weakens further as PM Starmer resigns, political uncertainty weighs on investor sentiment
London, June 22 -- The British Pound remained under pressure against the US dollar on Monday amid political uncertainty in the United Kingdom following Prime Minister Keir Starmer's resignation announcement.
In the opening session of the UK forex market, the pound sterling weakened to 1.32 against the US dollar at the time of filing this report.
The UK currency has weakened by more than 1.65 per cent against the dollar over the last five days amid ongoing political uncertainty and a stronger US dollar.
Currency expert K N Dey told ANI that the weakness in the pound was being driven by both global currency movements and developments in the UK political landscape.
"First of all, the dollar index is above 101. In fact, the dollar index w...
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