UK PM Johnson to reshuffle cabinet on Wednesday – Reuters

Citing a source familiar with the matter, Reuters reported on Wednesday that British Prime Minister Boris Johnson will reshuffle his cabinet later in the day.

"The Prime Minister will be appointing ministers this afternoon with a focus on uniting and levelling up the whole country," the source told Reuters.

Market reaction

This development doesn't seem to be having a noticeable impact on market sentiment. As of writing, the UK's FTSE 100 was posting small daily gains at 7,037. Meanwhile, the GBP/USD pair was up 0.11% at 1.3821.