Pound dips as Rishi Sunak prepares to confront UK’s huge economic challenges

From cnn.com

Rishi Sunak, Britain’s third prime minister in seven weeks, will face the huge challenge of projecting stability after a period of historic political and financial market chaos. But his other task — shepherding the country through a recession — is poised to be just as daunting. The former finance minister has won the race to replace Liz Truss, his erstwhile opponent who’s set to be the shortest-serving prime minister in British history. He’ll officially step into the role once appointed by King Charles III. The pound rose against the US dollar as Sunak’s path to power cleared with the withdrawal of rival ... (full story)