Pound, gilt yields rise in anticipation of more budget spending under new finance minister
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LONDON (Reuters) - The pound jumped half a percent on Thursday and bond yields rose amid strong expectations that the appointment of a new British finance minister will pave the way for a more expansionary budget next month. Sajid Javid resigned as finance minister in Prime Minister Boris Johnson's new cabinet after he was asked to replace all his advisers, according to a source close to Javid. He was replaced by Rishi Sunak, a Johnson ultra-loyalist who was previously second in command to..