Pound Is Beating 92% of Global Currencies on UK Economic Rebound
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The British pound is beating more than 90% of the world’s currencies this year on signs the nation’s economy is holding up better than expected, keeping interest rates higher for longer.
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Published Mar 10, 2024 • 3 minute read
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(Bloomberg) — The British pound is beating more than 90% of the world’s currencies this year on signs the nation’s economy is holding up better than expected, keeping interest rates higher for longer.
Only 11 currencies — including those of Kenya, Zambia and Sri Lanka — have outperformed sterling in 2024, according to a universe of more than 140 global foreign-exchange rates tracked by Bloomberg.
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Bloomberg News
2024-03-10 00:18:15
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