Market News
Steady sterling on track for best G10 performance against dollar in 2024 - REUTERS
LONDON, Dec 31 (Reuters) - The pound was little changed on the final trading day of the year on Tuesday, leaving it on track to be the best performing major currency against the dollar this year as the UK economy has held up better than expected.
Sterling has fallen 1.4% across the year as expectations about British and U.S. interest rates have moved broadly in line with each other. That has limited divergence between the two countries' bond yields, which drive currencies by making fixed-income investments more or less attractive.
