The rise of the pound sterling in the financial market in the UK.

2024-09-05 00:00

The GBP/USD exchange rate reached a peak of $1.32 on 27th August, hitting a two and a half year high. Projections suggest that this momentum will continue until the end of the year. The economic growth in the United Kingdom, along with the formation of a new Labour government in early July, has contributed to this increase.

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