The pound marks its lowest since March 2020 due to the government crisis and the worst economic outlook

MADRID, 6 Jul. (EUROPA PRESS) -

The price of the pound sterling against the dollar fell below 1.20 dollars this Wednesday, shaken by the government crisis in the United Kingdom after the resignation of several ministers of the Executive led by Boris Johnson, whose leadership meets again under pressure.

Specifically, the cross between the two currencies reached a minimum of 1.1876 dollars for each pound this Wednesday, the worst exchange rate for the British currency since March 2020, when the confinement measures were implemented due to the Covid-19 pandemic. 19.

In addition to the crisis unleashed in the Government of Boris Johnson, the price of the pound is also weighed down by the worse prospects for the economy of the Bank of England, which opens the possibility for the British central bank to adopt a less aggressive approach to normalize the monetary policy, especially when compared to the US Federal Reserve.

As for the trickle of resignations in the Government of the United Kingdom, this has continued today with several exits that further increase the pressure on the Prime Minister, Boris Johnson, on account of the changes of version on the controversial appointment of a senior member of the Conservative group in the House of Commons.

Downing Street initially maintained that Johnson was unaware of the accusations of sexual harassment against one of those in charge of maintaining voting discipline in the 'tory' bench, Chris Pincher, but the 'premier' ended up acknowledging that he knew of the deputy's behavior and regretted your appointment.

The resignations on Tuesday of the finance ministers, Rishi Sunak, and of Health, Sajid Javid, due to the loss of confidence in the prime minister have been the hardest political blow to date against Johnson, who a month ago already raffled off barely a motion of censure promoted by his own colleagues.

Sunak and Javid have been joined in the last few hours by other senior members of the Executive - there are already at least 15 - who also question the prime minister and this Wednesday the Secretaries of State for Children and Family, Will Quince, have made their departure public. ; Education, Robin Walker; or Finance, John Glen.

Johnson has apologized in recent months for the successive controversies in which he has been involved, but has refused to give in to the voices that, both within his party and from the opposition, ask him to resign.

Theoretically, he is protected until June 2023 against a new motion of censure from his own colleagues, although some 'tories' advocate changing the rules so that it is not necessary to wait a year between votes.

These conservative critics of Johnson want to take advantage of the upcoming elections of the 1922 Committee, responsible for launching the motions, to integrate members in favor of changing the regulations and thus facilitate said modifications, according to the BBC.

The 'premier' has so far prevented the departures of Sunak and Javid from leading to other front-line resignations and senior officials such as Dominic Raab, Michael Gove, Therese Coffey and Ben Wallace have already said they will continue in the Government. Johnson has also been backed "100 per cent" by Foreign Secretary Liz Truss, who sounds like a potential replacement in Downing Street.