The recently-elected UK Prime Minister Liz Truss makes a statement this Thursday and says that she will resign.

Truss will remain in place until a new leader is chosen and the leadership election will be completed in the next week.

Given that the markets have been anticipating the UK PM’s resignation, the announcement does little to influence the British pound or provide any meaningful impetus to the GBP/USD pair, which has now eased a bit from the daily high touched in the last hour.