The British pound remained lower against the dollar on Monday, after the governing Conservative Party announced foreign minister Liz Truss won the race to succeed Boris Johnson as party leader and Prime Minister.
The pound was trading down 0.14% at $1.1503 against the dollar, according to Refinitiv data. Against the euro, sterling was up 0.2% at 86.275 pence.
Truss won the ruling Conservative Party's leadership contest on Monday with 57.4% of the vote.
