The British pound outperforms 90% global currencies this year due to strong UK economic recovery.
The British pound is outperforming over 90% of global currencies this year, as the UK's economy shows signs of stronger recovery than expected. This resilience is expected to keep UK interest rates higher for longer, differentiating it from major counterparts like the US Federal Reserve and European Central Bank. Analysts attribute this to a better growth-inflation mix in the economy compared to last year.
March 09, 2024
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