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The pound reversed gains on Monday amid fresh Brexit uncertainty after Boris Johnson resigned as British foreign secretary, helping the dollar pull back from three-week lows. GBP/USD was down 0.16% to 1.3273 by 10:17 AM ET (14:17 GMT), off an earlier high of 1.3363.

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.