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fxJun 23, 2026, 3:30 PM

British Pound Slides on UK Political Uncertainty, Strong US PMI

The British Pound fell over 0.40% on Tuesday as risk appetite soured amid UK political uncertainty and a hot US PMI print. GBP/USD traded at 1.3195 after reaching a daily high.

GBPUSD

The British Pound dropped more than 0.40% on Tuesday as risk appetite turned sour. Political uncertainty weighed on the currency after MP Andy Burnham prepared to succeed Keir Starmer, who held the post for two years.

A strong US PMI reading added pressure on GBP/USD, which traded at 1.3195 after hitting a daily high earlier in the session. Markets continue to monitor the shifting UK political landscape and US economic data for further direction.

Source: FXStreet Forex News