On December 24, Jinshi Data reported that data shows the British pound will no longer be the best-performing currency among the G10 in 2024, having been pushed to the second position by the US dollar. Analysts at Rabobank stated in a report that speculators have reduced their long positions in the pound. Due to market expectations that relatively high inflation will limit the Bank of England's room for rate cuts, the pound recently reached a two-and-a-half-year high against the euro. Last week, the Bank of England kept interest rates unchanged, but the voting results were surprising, with one-third of policymakers voting in favor of a rate cut. FactSet data shows that this year the pound has risen 4.5% against the euro but has fallen 1.6% against the US dollar. Year to date, the US dollar index (DXY) has risen 6.8%.
US Dollar Index +0.06%#加密货币政策