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The British pound weakened against major currencies, including the naira and the US dollar, due to political uncertainty in the UKIt also came under additional pressure from a stronger US dollar and concerns about UK economic growth and fiscal policyThe naira traded around N1,806 per pound, supported by CBN reforms and efforts to stabilise the foreign exchange market
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The British pound weakened in global markets on Monday, June 22, 2026, edging close to its weakest level of the year against the US dollar, as renewed political uncertainty in the United Kingdom unsettled investors.
The currency also showed softness against the naira, reflecting broader pressure on sterling.
British pound slumps against naira, dollar as UK Prime Minister’s resignation sparks investor panicSource: UGC
The decline followed the resignation of UK Prime Minister Keir Starmer, who reportedly came under increasing
