The British pound has seen a substantial rise, reaching $1.3709 against the US dollar, a 13% increase in 2025. This surge is attributed to several factors, including weakening US economic data and structural improvements within the UK economy. DeVere Group's CEO Nigel Green notes that these forces are likely to propel the pound further. The rally marks a recovery from 2022's turmoil, indicating regaining international investor confidence in the UK's political and economic landscape, with recent GDP growth and resilient consumer spending bolstering the pound's momentum.
"The pound is in flight right now and we believe it is likely going higher," says Nigel Green, CEO of deVere Group. "Several key forces are aligning that will keep sterling on the front foot for the foreseeable future."
Collection
[
|
...
]