Rees-Mogg via Reuters

  • We can replace May quite quickly
  • It could take a matter of weeks, not months to remove May

GBP under pressure and approaching daily lows again. The selling pressure has been intense on the GBP/USD ever since the resignation of Brexit minister Dominic Raab earlier. The GBPUSD chart shows price bouncing off the technical 100 and 200 EMA levels right down on the 1 minute chart below.