Pound Is Beating 92% of Global Currencies on UK Economic Rebound
- Only 11 currencies have outperformed sterling this year
- A big week for economic data is set to test its appeal
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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.
Only 11 currencies — including those of Kenya, Zambia and Sri Lanka — have outperformed sterling in 2024, according to a universe of more than 140 global foreign-exchange rates tracked by Bloomberg.