Pound surges on reports of new UK chancellor

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. #News #Reuters #Newsfeed #ShabanaMahmood #AndyBurnham #PoundSterling #UKPolitics #UKEconomy #Chancellor #JeremyStretch #CIBCCapitalMarkets #GBP #Sterling #BreakingNews #UKNews #WorldNews #LabourParty #FiscalPolicy #ForexNews #CurrencyMarkets #Finance2026 #UKGovernment #EdMiliband Read the story here: https://reut.rs/4yxxKcK 👉 S…

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