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fxJun 21, 2026, 11:10 PM

British Pound Drops Near 1.3200 on UK PM Starmer Resignation Reports

GBP/USD fell toward 1.3200 in early Asian trading Monday as reports emerged that UK Prime Minister Keir Starmer is expected to resign, adding political pressure to the pound.

GBPUSD

The British pound declined against the US dollar during early Asian trading on Monday, with GBP/USD slipping near 1.3200. The pair was seen around 1.3210, pressured by political uncertainty in the UK.

Reports indicate that UK Prime Minister Keir Starmer is expected to resign, fueling selling pressure on the pound. The development adds to recent headwinds for sterling, as traders reassess the political landscape ahead of potential leadership changes.

No further details on the timing or reasons behind the expected resignation have been confirmed at this stage. Market participants are watching for official statements and any impact on UK economic policy.

Source: FXStreet Forex News