Currencies

Pound’s Tentative Recovery Masks Worst Year Since Brexit Vote

  • UK’s tough economic outlook tempers optimism, strategists say
  • Fear-greed indicator shows bears are still in control of pound

Shoppers in Basildon, UK, on Dec. 21

Photographer: Chris Ratcliffe/Bloomberg
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A turbulent year for the pound is coming to an end with little evidence that 2023 will be much different.