60 Days
Source:
الاقتصادية
Source: الاقتصادية
60 Daysالاقتصادية
Source: الاقتصادية
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The British Pound faced significant challenges this year after being one of the best currencies among the G10, as it approaches a test against the Bank of England that includes the possibility of maintaining interest rates at 3.75% for now, with cautious expectations for its upcoming meeting on September 17. Despite rising by 1.6% against the euro, 2.8% against the Swiss franc, and 4.9% against the Norwegian krone, it declined by 1.3% against the yen. The currency faces risks of decline if other central banks move to raise interest rates more quickly, which could reduce its appeal. Additionally, inflationary pressures linked to energy prices and high taxes, along with financial uncertainty, increase currency volatility amid investors' anticipation of the Bank of England's policies and the government's upcoming budget.
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