Sterling's Brief Respite: The Looming Threat of a Hawkish Turn The British pound has been the surprise standout among its G10 peers this year, defying both the change of government and geopolitical turmoil to gain ground against major currencies.
However, sterling's resilience looks increasingly fragile as global monetary policy approaches key junctures. The Bank of England's decision to hold interest rates steady at 3.
75% has allowed the pound to maintain its position atop the G10 league table.