Pound gains as Rishi Sunak leads race to become PM
Sterling rose against the US dollar after Boris Johnson dropped out of the leadership contest. …
“On the one hand it can’t provide these budgets that are fiscally irresponsible, or that seem fiscally irresponsible, we’ve seen what happens with the market then, but equally Rishi Sunak is going to come and probably announce a lot of austerity and he can’t go too far on that end either because then the markets will look at that and think the UK is never going to grow.
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