British pound beats all other major currencies this year

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British pound beats all other major currencies this year

London CNN — The pound hit a record low last autumn as investors rebelled against former prime minister Liz Truss’s budget plans. Now it is enjoying renewed strength. The pound hit its highest level against the U.S. dollar in 10 months on Tuesday, surpassing $1.25 for the first time since June 2022. The pound, which has gained about 3.3% against the greenback since the start of 2023, is the best-performing currency among developed economies t…