Tuesday, 21 July 2026 Newsarchy UK live index
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Sterling

Pound hits one-year high on prospects of Shabana Mahmood as Chancellor

Pound hits one-year high on prospects of Shabana Mahmood as Chancellor

The pound surged as markets reacted to the anticipated appointment of the fiscally conservative Mahmood, though analysts warned the rally reflects relief.

Business ·20 Jul 2026, 16:52 ·Maeve Turner 5 min read