Jinshi Data News on December 31st, the pound remained stable on the last trading day of this year, with little change. Due to the better-than-expected performance of the UK economy, the pound is expected to be the best-performing G10 currency against the US dollar this year. Due to the similar expectations for the interest rates of the UK and the US, the difference between the yields of the two countries' bonds is limited. This difference drives the pound's exchange rate against the US dollar (rise) by increasing or decreasing the attractiveness of fixed income investments. The pound's exchange rate against the US dollar has only fallen by 1.4% since the beginning of this year.
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Zhicheng
· 2024-12-31 11:21
All in All in 🙌
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Satochi1
· 2024-12-31 11:18
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Stable pound is expected to be the best performing G10 currency in 2024
Jinshi Data News on December 31st, the pound remained stable on the last trading day of this year, with little change. Due to the better-than-expected performance of the UK economy, the pound is expected to be the best-performing G10 currency against the US dollar this year. Due to the similar expectations for the interest rates of the UK and the US, the difference between the yields of the two countries' bonds is limited. This difference drives the pound's exchange rate against the US dollar (rise) by increasing or decreasing the attractiveness of fixed income investments. The pound's exchange rate against the US dollar has only fallen by 1.4% since the beginning of this year.