British Prime Minister
British Prime Minister Rishi Sunak will not attend the COP27 climate summit that begins in Egypt next month, due to “other pressing commitments,” according to Downing Street statement on Thursday.
Egyptian President Abdel Fattah El-Sisi affirmed in a phone call with British Prime Minister Boris Johnson on Thursday the need to reach a legally-binding agreement on the issue of the Grand Ethiopian Renaissance Dam (GERD).
The dollar index, which measures the U.S. currency versus a basket of six major rivals, hit a 22-month high overnight.
The pound jumped 0.9 percent to as high as $1.2881 GBP=D3, sending the currency to a five-day high.
May threatened rebel lawmakers in her Conservative Party with a general election this summer if they defeated her Brexit plans on customs.
British Prime Minister Theresa May on Thursday declined to say how much longer she will remain in power after losing her parliamentary majority
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