Theresa May is the new UK PM Minister - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted the forthcoming event of the week on the BoE. See full preview here. 

She also noted Theresa May is becoming the new UK PM Minister.

Key Quotes:

As political uncertainty eased following the announcement that Theresa May is becoming the new UK PM Minister, chances of a GPB/USD decline below the 1.2793 low posted last week, are limited. In fact, the 1.3000 level seems the probable bearish target and the center of an upcoming consolidative stage for Pound between 1.28 and 1.33. 

Strong gains are not clear at this point, and there's a high risk that advances will be seen as selling opportunities after the dust settles, with a critical resistance at 1.3533, the daily highest reached after the Brexit."