© Reuters. FILE PHOTO: The Bank of England is seen reflected on a balloon with the pound symbol during a protest against the hiking of interest rates outside the Bank of England in London, Britain, August 3, 2023. REUTERS/Susannah Ireland/File Photo
By Alun John
LONDON (Reuters) – Sterling just had its best year against the dollar since 2017, yet a weakening economy and election uncertainty make a repeat performance unlikely.
It is not hard to see why investors flocked back to Britain’s currency after it hit a record low only 16 months ago: the economy did better than feared, sticky inflation meant the…
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