In a brief statement, U.K. Prime Minister Liz Truss announced her resignation. Truss said she cannot deliver on the mandate she won in the Conservative election, and said a new leadership election will be held in a week. Betting markets suggest that Rishi Sunak, the former chancellor, may succeed her. The pound was stronger on the day, at $1.1272, and U.K. bonds also rose.
AUDUSD consolidates ahead of US inflation report
The AUDUSD pair remains under downward pressure, trading within a range amid expectations of RBA policy easing and the upcoming US inflation data. The rate