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fxJun 22, 2026, 9:24 AM

GBP Rises Above 1.3200 on Starmer Resignation News

The British Pound climbed past 1.3200 against the US Dollar on Monday, maintaining a mild positive tone despite reports that Prime Minister Keir Starmer resigned.

GBPUSD

The British Pound (GBP) edged above the 1.3200 handle against the US Dollar (USD) on Monday, holding a mildly positive bias. The move came amid news that Sir Keir Starmer resigned as Prime Minister of the United Kingdom and Leader of the Labour Party.

Market participants are now assessing the potential implications for UK fiscal policy and political stability. The pound's resilience suggests the resignation was at least partially priced in or that traders view it as a neutral-to-positive development for sterling.

The currency pair continues to trade near the 1.3200 level, with focus shifting to upcoming UK economic data and any additional political announcements.

Source: FXStreet Forex News

GBP Rises Above 1.3200 on Starmer Resignation News — TradersWeek · TradersWeek