The British pound is hovering at its highest level in more than three years — and analysts are divided on its potential for further upside.
The British pound
is hovering at its highest level in more than three years — and analysts are divided on the potential for further upside.
Britain’s currency was last seen trading around the $1.36 mark on Wednesday morning in London.
It marked a slight drop from Tuesday, when sterling hit its highest level since January 2022.
So far this year, the pound has surged 8.7% against the greenback.
Sterling has had a bumpy ride so far this year — and the currency is still struggling to shake off some pessimism.
Better than expected activity adds to dollar weakness to send the pound to its highest level since October
A report that the US President could name the new head of the central bank early raises concerns over its independence.
Stock market news plus latest business and personal finance updates from Wednesday
The pound has tumbled to a two-week low against the dollar, clinging onto the $1.35 mark on Thursday morning, as traders sell-off…
Donald Trump raises fears about political interference after report says he is considering replacing Fed chief Jerome Powell by…
