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- The British Pound is down after the resignation of the British Minister of Finance
The British Pound is down after the resignation of the British Minister of Finance
The British pound fell on Thursday after Minister of Finance Brekst, who is in charge of the European Union's exit from the European Union, announced his resignation.
The British currency lost about 1 percent of its value against the dollar, according to the agency "Agence France Presse."
The value of the pound dropped to about $ 1.2858 against $ 1.2992 on Wednesday evening at around 22.00 GMT, returning to the level it was on Tuesday before the draft agreement on Brixet was announced and the government of Teresa May approved it on Wednesday night.
The pound's decline is interpreted by most investors as wary of pushing the British currency higher, as Mai faces an arduous task of persuading her Conservative Party to back her agreement before she faces a vote in parliament.
In contrast, the single European currency "Euro" rose, rising by 0.3 percent today to $ 1.1352, the highest level in 4 days.