Pound up 1% against dollar after Sunak installed as PM

Pound up 1% against dollar after Sunak installed as PM
Photo: Twitter @RishiSunak
Tuesday 25 October 2022 - 20:29

The pound rose more than one percent against the dollar on Tuesday after Rishi Sunak took office as Britain’s prime minister.

At 1320 GMT the pound was up 1.2 percent to $1.1411, and up 0.7 percent against the euro to 87.64 pence.

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