Great British Pound: stronger and stronger?

Story link: Great British Pound: stronger and stronger?

The UK’s GBP continued a strong year upon the back of a strong economy, while countries such as Germany struggled with recession, and the US devalued the dollar to try and cope with their trade deficit.

Low interest rates mean that UK manufacturing is enjoying being able to purchase raw materials relatively cheaply from abroad, without having to suffer too much on export markets.

The high value of the GBP versus the USD has also made for an excellent year for UK businesses investing in the US, where internet resources and IT have always been traditionally cheaper in the first place.