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By Rodrigo Santos Andrade
Pound surges on reports of new UK chancellor
visibility comment0 event July 17, 2026 timer 09:07
Reports that Shabana Mahmood is set to become UK finance minister under incoming prime minister Andy Burnham drove a sharp pound rally, with CIBC Capital Markets analyst Jeremy Stretch saying markets viewed the pick as a ‘relief’ given her fiscally cautious reputation.
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