Penny Mordaunt withdraws her candidacy. Sunak previously received official support from half of the MPs. In real terms, this means that Rishi Sunak will become the new leader of the UK Conservative Party and the new prime minister. Recall that he previously served as Treasury Secretary in the Johnson government and was the first minister to contribute to the fall of the Johnson government. The market is basically unresponsive to this information.
GBPUSD barely reacted to fresh news from UK political scene.Source: xStation5
