Britain

After a bruising first six weeks in office, the prime minister replaced her finance chief with former leadership rival Jeremy Hunt. But she still faces a barrage of criticism.

The British pound sank to $1.03, before stabilizing slightly, as traders and investors react negatively to new government plans to cut taxes for highest earners and businesses and boosting borrowing.

The queen served as the United Kingdom's monarch since 1952. Her reign spanned a remarkable arc in British history and was defined by duty to country — and considerable family pain.