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Pound up 1% against dollar after Sunak installed as PM

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The pound rose more than one percent against the dollar on Tuesday after Rishi Sunak took office as Britain’s prime minister.

At 1320 GMT the pound was up 1.2 percent to $1.1411, and up 0.7 percent against the euro to 87.64 pence.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.