In this file photo taken on October 19, 2019 Britain’s Chancellor of the Exchequer Sajid Javid leaves 11 Downing Street in central London on October 19, 2019. – Britain’s finance minister, Sajid Javid, resigned on February 13, 2020, just weeks after Brexit and a month before he was due to deliver the government’s annual budget.
Javid’s resignation meanwhile came two weeks after Brexit and a month before he had been due to deliver his first annual budget on behalf of Johnson’s Conservative administration. “The news caught traders by surprise. Sterling has the biggest reaction to the news — it initially sold-off, but it since recovered all the lost ground and is now back above the pre-announcement level.”
The new virus numbers dampened the positive cue from Wall Street overnight, where the three main indexes all set fresh records.