Yesterday, Boris Johnson was announced as our new Prime Minister. The pound had a brief uplift as a result, before falling back to a weak position against the dollar. Sterling is mixed this morning.
Johnson is set to appoint senior cabinet figures this evening, who are likely to be Brexiteers. Priti Patel, the pro-Brexit MP who resigned from May’s cabinet over unreported meetings with Israeli representatives, will reportedly get a cabinet role. The new Prime Minister is expected to address the nation for the first time at 4pm, after accepting the Queen’s invitation to form a government.
Tomorrow, Mr Johnson is expected to make a statement about his Brexit strategy and take questions from MPs. We now have less than 100 days until Boris has to deliver Brexit. He will, no doubt, face many challenges in the first 100 days of his leadership.
