Pound sterling

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Pound boosted by UK leadership change

Britain's leadership change, with Theresa May taking over from David Cameron, has boosted the value of the pound, but not by much as foreign exchange traders believe it will fall further.


Pound hits new post-Brexit low

The pound has slumped further in reaction to the UK's vote to leave the European Union, at one stage slipping below $1.28 in trading in Asia. The euro is also weak.