The British Pound is the best performing G10 currency of 2024. Kathleen Brooks, research director at XTB, explains why.
Pound Sterling rose after the UK's GDP rose more than expected in May, lessening the odds of an interest rate cut on August 1.
Analysts at Capital Economics say Pound-Euro could now be set for a protracted spell of depreciation.
The British Pound was boosted Monday after a Bank of England interest rate setter said it is too soon to cut interest rates next month.
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