The pound came under pressure after Boris Johnson resigned as British foreign secretary, becoming the third minister to quit the government in twenty-four hours, rather than back Prime Minister Theresa May’s plans for a soft Brexit. Johnson’s resignation increased the chance that May could face a vote of no confidence, throwing the future of her government into doubt.

Tomorrow, focus will be on UK GDP and Industrial Production figures which are predicted to increase by 0.5%. There will be no major data releases in the US part of the session.

Figures to watch:

GDP (Tuesday 9:30)

Industrial Production (Tuesday 9:30)