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Britain's pound is March's surprise European currency outperformer, for now - REUTERS

MARCH 16, 2026

Summary

  • Sterling up versus all developed European peers in March
  • Larger moves in short-dated British rates major factor
  • Analysts sceptical it can last

LONDON, March 16 (Reuters) - The pound is Europe's surprise currency market winner of the Iran war-induced market turmoil, supported by surging British short-term interest rates, even if, analysts say, it still looks vulnerable medium-term.

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