Sterling's Roller Coaster: The Pound's 80-Year Journey

The British pound has weathered various economic crises and political challenges over 80 years, seeing significant fluctuations. Notably, in 2022, it hit record lows due to unfunded tax cuts, but later recovered due to better economic performance, cautious Bank of England policies, and potential political stability.

Britain's pound has faced economic crises and political turbulence aplenty in the past 80 years, but especially over the last decade. As recently as 2022, sterling was knocked to record lows as unfunded tax cuts presented by the government of then Prime Minister Liz Truss pummeled British markets.

But sterling has recovered since then thanks to a better-than-feared economic performance, expectations that the Bank of England will be cautious on rate cuts and the possibility of a period of political stability following the July 4 UK election. Here's an interactive graphic looking at the highs and lows of British currency since 1944:

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)