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The pound has gained about 7.2% against the dollar year to date but lost 4.3% against the euro, with large swings along the way. Analysts attribute the moves to dollar weakness from a rotation out of US assets, the UK's trade deal with the US, and weak UK labor data and political uncertainty.
Market watchers remain divided on the outlook.
Mixed drivers leave sterling direction uncertain, so currency-driven import costs for UK buyers are hard to predict.
cnbc.comChloe TaylorAug 22, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
