U.K. defense secretary Ben Wallace says he is leaning toward supporting Boris Johnson as he ruled out a run himself to lead the Conservative Party. Wallace said he wants to remain as defense secretary. He cited Johnson’s willingness to spend on defense, as well as his victory in a general election.
GBPUSD appears stable: the pound is not afraid of US rhetoric
The GBPUSD pair is hovering around 1.2464 on Wednesday, with the pound appearing more stable than other currencies. More details in our analysis for 5