Pound Set for Best Week Since ’09 on New PM, BOE Inaction: Chart

The pound headed for its best week since 2009 against the dollar after the appointment of Theresa May as Prime Minister returned a sense of political stability to the U.K. and the Bank of England unexpectedly kept interest rates unchanged. Sterling’s rally comes after it fell to the lowest level since 1985 last week, and it remains about 10 percent lower since the country voted to leave the European Union on June 23.

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