Cryptocurrency Q&A Why is GBP so strong?

Why is GBP so strong?

ethan_thompson_psychologist ethan_thompson_psychologist Sun Aug 18 2024 | 6 answers 875
Can you please elaborate on the reasons behind the current strength of the British Pound (GBP)? Are there any particular economic factors at play, such as high demand for GBP due to increased trade with the UK or strong investment inflows? Is the Bank of England's monetary policy having a significant impact on the currency's value? Also, are there any geopolitical developments that are affecting the exchange rate of GBP against other major currencies? I'm keen to understand the driving forces behind its current strength. Why is GBP so strong?

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