Pound Rises With U.K. Closer to Getting Its Next Prime Minister
- Britain to have new premier by Wednesday night, Cameron says
- Situation ‘doesn’t change fundamental picture’ for pound: BNP
How Long Will Theresa May Wait to Trigger Article 50?
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The pound rose against the dollar as U.K. Prime Minister David Cameron said his replacement would be installed by Wednesday night, lifting the uncertainty over the nation’s leadership following the Brexit vote.
Theresa May, already a senior minister in Cameron’s government, is the sole candidate to replace him after Conservative Party leadership hopeful Andrea Leadsom announced she was withdrawing from the contest earlier in the day.