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Pound in sentence

391 examples of Pound in a sentence

Later this year, the IMF will recalibrate the weights in its unit of account, the so-called Special Drawing Rights, which comprises a basket of currencies that currently includes the US dollar, the euro, the British pound, and the Japanese yen.
Exchange rate volatility for the pound is bound to continue until the referendum, and to intensify at moments when a vote for “Brexit” looks more likely.
For example, in August 1931 – the middle of the Great Depression – a financial crisis and a run on the pound forced the resignation of the Labour government, led by Prime Minister Ramsay MacDonald; it was replaced by a coalition government, and the Labour Party split apart.
It was under Prime Minister John Major’s Conservative government that 1992’s “Black Wednesday” struck, with the pound being forced out of the European Exchange Rate Mechanism, the precursor to the euro.
The rapid decline of the dollar and the pound, but also of the renminbi – now more firmly tied to the dollar than ever – is fanning tensions.
The “Remain” campaign focused on the economic benefits of staying in the European Union and the costs of leaving, some of which fell due immediately after the results were announced: the British pound plummeted and stock markets wiped out a couple of trillion dollars of wealth.
Both Scotland and the RUK might agree that Scotland would temporarily keep the British pound but would move to a new Scottish pound or the euro.
In the 1960’s, the British pound was the world’s second reserve currency.
American policymakers expended considerable effort devising ways to support the pound, because they knew that the same factors that made the pound vulnerable also threatened the dollar.
The pound was thus seen as part of the dollar’s perimeter defense.
Unlike the dollar and the pound, the yen and the Deutschemark did not depend on attracting foreign inflows.
Yes, the Chinese renminbi has declined recently against the dollar, but not as much as the Japanese yen, the euro, or the British pound – and those declines have been driven by relative confidence in the US economy.
As it stands, that basket includes the US dollar, the British pound, the euro, and the Japanese yen.
But, as was the case with the British pound in the interwar period, a currency can remain globally dominant even after its issuing country loses its economic, financial, and geopolitical hegemony.
In fact, the renminbi still trails other reserve currencies (the US dollar, the euro, the Japanese yen, and the British pound) in international finance by so much that a renminbi-led international monetary system by mid-century seems about as likely as a Blade Runner 2049-style dystopia.
In the long run, if donor countries insist on being penny wise and pound foolish, they run the risk of contributing to outbreaks of more virulent strains of HIV and TB than they ever imagined possible.
The same pattern of selling pressure on the pound sterling was repeated in the interwar era.
This helped undermine the role of the British pound internationally and catapulted the US dollar to the fore – particularly after the Bretton Woods conference in 1944, at which it was agreed that countries would hold their reserves in dollars as well as gold.
The short-run consequences of Brexit are already clear: the pound has plummeted to a 31-year low.
The big change in financial markets has been the steep decline in the value of the pound.
It is important to note, however, that meeting “all existing criteria” does not place the renminbi on par with, say, the US dollar – or, indeed, with any of the other SDR currencies (the euro, the British pound, or the Japanese yen) – in terms of international usage.
In December, the International Monetary Fund will consider adding renminbi to the basket of currencies that comprise the Fund’s unit of account, known as Special Drawing Rights, alongside the US dollar, the euro, the British pound, and the Japanese yen.
In response to the new monetary stimulus, the London stock market surged and the UK pound slid further.
In his classic 1944 book International Currency Experience, Ragnar Nurkse argued that reflationary policies following the collapse of the gold standard of the 1920s operated by lowering currencies’ foreign exchange value, with the 1931 devaluation of the British pound unleashing a spate of competitive devaluations worldwide.
In our own research, we have found that people remain somewhat mysterious to dogs for the first five months of life, and dogs at our local pound lag considerably behind house dogs when it comes to understanding human beings.
A flight to other currencies – the euro, yen, pound, or even the Chinese renminbi – would be a near certainty, which would almost certainly force the US to cut back on its military spending overseas.
The pound plunged to its lowest level in more than three decades immediately after the vote, and financial markets worldwide are likely to remain in turmoil as the long, complicated process of political and economic divorce from the EU is negotiated.
Because it is difficult to become ever-more efficient at producing a ton of copper or a pound of fruit (and, in Chile’s case, the grade of copper ore is fast declining), further growth has to come from diversification: moving capital and labor to new sectors, where productivity is higher.
George Soros can bet on a run on the British pound.
An independent Scotland’s continued use of the British pound – the Scottish government’s official position – could be approached in two ways.
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