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Pound Index Hits One-Year High on Mahmood for Chancellor Reports

Bloomberg Markets Thursday 16 July 2026, 02:33 UTC By David Finnerty 1 min read
Key Points

A measure of sterling’s strength rose to its highest level in a year on Wednesday following reports that incoming UK Prime Minister Andy Burnham will name Shabana Mahmood as his Chancellor of the Exchequer.

A measure of sterling’s strength rose to its highest level in a year on Wednesday following reports that incoming UK Prime Minister Andy Burnham will name Shabana Mahmood as his Chancellor of the Exchequer.
Mahmood (PERSON) UK (LOCATION) Andy Burnham (PERSON) Shabana Mahmood (PERSON) Exchequer (ORG)
Originally published by Bloomberg Markets Read original →

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