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America One News
23 Jul 2024
#economy
The Telegraph: Pound will surge in stable Britain, predicts French finance giant - latest updates
The pound is set to rise this year, with projections up to $1.35 as Britain's economy outshines global instability. Major banks are shifting focus to the pound, buoyed by Labour's election win and a stable government, while the US faces political uncertainty.
With the Bank of England expected to lag in interest cuts, sterling gains ground against all major currencies, highlighting its appeal in an unpredictable world.