2. If the Bank of England raises interest rates, the pound flowing in the market will decrease relatively, and the pound will appreciate again.
The pound is the name of the national currency and monetary unit in Britain. Although Britain is a member of the European Union, it has not yet joined the euro zone, so it still uses the pound.
Sterling is mainly issued by the Bank of England, but there are also other issuers. What is the most commonly used symbol for the pound? . The currency code of ISO 42 17 adopted by the International Organization for Standardization is the pound. In addition to Britain, the currencies of British overseas territories are also denominated in British pounds, and the exchange rate with British pounds is fixed at 1: 1.
As Britain is the earliest industrialized country in the world and once dominated the international financial industry, the pound was once the most widely used currency in international settlement business. After World War I and World War II, Britain's economic status has been declining, but due to historical reasons, Britain's financial industry is still very developed, and the pound still occupies a very high position in the settlement of foreign exchange transactions. The pound is printed with donation figures and royalties.