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EXCLUSIVE: The spring in sterling's step should help bring down the price of goods imported in dollars and euros, an expert says.
(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.Most Read from BloombergBillions Pour Into Nigeria as Tinubu’s Reforms Start to Pay OffIs Now the Right Time to Invest in Bitcoin?United Plane Veers Off Runway in Third Boeing Mishap of WeekThe $1 Trillion Race to Rebuild Ukraine Is Slowly Getting GoingSummers Says Fed Is ‘Wrong’ on Neutral, Warns
The pound rose to around $1.29 last week, its highest level in seven months, recording its best week since November versus the dollar. Data in coming days could help reinforce those gains and bolster the narrative that the UK economy is making a comeback.
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
MARKET WRAPS Watch For: EU money supply; Germany GfK consumer climate survey; France consumer confidence survey; trading updates from Munich Re, Puma, Lagardere, Bouygues, Intesa Sanpaolo,...