Skip to content
Subscriber Only

Pound Beats World as Upbeat Britain Contrasts With Euro Gloom

No major currency outperformed Britain’s pound this week and analysts at the world’s biggest foreign-exchange trader see scope for further gains, at least versus the euro.

With negotiations between Greece and European officials crumbling and the indebted nation’s future in the euro hanging in the balance, the allure of the relatively stable sterling has come to the fore. Data pointing to an economic recovery firming up in the U.K. and the Bank of England’s moves toward raising interest rates are adding to the pound’s strength.