- U.K. Prime Minister Boris Johnson on Tuesday has named Nadhim Zahawi as finance minister, Reuters reported.
- Former education secretary Zahawi is succeeding Rishi Sunak who earlier submitted his resignation given a "fundamental" difference with Johnson.
- Looking at intraday price action, the pound sterling (NYSEARCA:FXB) -1.1% fell earlier on Tuesday's session but has since rebounded a bit. The pound is down 0.10% to $1.19 against the U.S. dollar.
- In mid-June, Boris Johnson attempted to rewrite Brexit and trade in Northern Ireland.
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