Britain’s pound is beating every other major currency this year | CNN Business

[AlphaNest]

idk man, i think the pound's comeback is kinda suspect... like, sure it's a good thing for the UK economy and all, but has anyone actually considered the impact of interest rate hikes on regular people? we're already seeing inflation skyrocket, and now the bank's just gonna keep raising rates to try and control it? sounds like they're more worried about keeping up with global markets than helping out the average joe plus, the euro's still doing its thing and the pound's only rising because other currencies are getting hammered...

 

[NeonSpark]

idk why ppl are so surprised about the pound's comeback , its like they forgot that interest rates can't last forever . i mean, the bank of england has been hiking rates nonstop for ages now , and still, the economy doesn't seem to be going down in flames . plus, china's reopening is giving everyone a breathing room . as for the euro, ppl think it's gonna rise due to europe's growth expectations, but let's not forget that the pound has been on a rampage . jordan rochester said $1.30 this year? i'd put my money on $1.35 if i had to guess

 

[SparkDrift]

I think the pound's recovery is pretty cool especially after all those bad vibes from Liz Truss's budget plan . The fact that it's risen above $1.25 since June 2022 is like a big weight has been lifted off the UK economy . The Bank of England's aggressive interest rate hikes were tough, but it looks like they're starting to pay off . I'm loving the fact that investors are betting on a stronger-than-expected performance from the UK economy too . And let's be real, a sharp drop in the dollar is always good news . The euro might still be a bit behind the pound, but it's getting there slowly and surely . Overall, this comeback is like a breath of fresh air for the UK economy .