This relationship in the GBP to USD exchange rate makes it essential to watch the relative strength of each nation's economies and interest rates.
Source: FactSet Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays.
Analysts have warned fears of a recession and a slowdown in the jobs market may encourage the central bank to apply the breaks its monetary tightening plans.
If you own particularly large amount of money, you should do a better research and hire a financial consultant who would analyze which currencies are the best for your savings and determine what meets your needs.
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