Sterling edges up as UK PM Sunak sacks interior minister Braverman

The move was part of a wider reshuffle after Braverman criticised the police's handling of a pro-Palestinian march. Sterling was last trading at $1.2243, a touch higher on the day. Against the euro, the pound stood at 87.33 pence -- also marginally higher on the day.

Sterling was a touch firmer against the euro and dollar on Monday after British Prime Minister Rishi Sunak sacked his interior minister, Suella Braverman, a government source said. The move was part of a wider reshuffle after Braverman criticised the police's handling of a pro-Palestinian march.

Sterling was last trading at $1.2243, a touch higher on the day. Against the euro, the pound stood at 87.33 pence -- also marginally higher on the day. Benchmark 10-year UK gilt yields were flat on the day at 4.343%, narrowly off a session high of 4.363%.