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Pound in sentence

391 examples of Pound in a sentence

Keeping the pound does not mean that we oppose the Euro, or hope for its failure.
For Britons, there are better ways to pass the time than to calculate the pittance that a pound now buys in Switzerland, and I was not surprised to see so few others on my trip.
Indeed, in the heady hour after the Brexit referendum polls closed on June 23, the British pound initially traded above a rate of £1.5/$1.
The pound has since declined 20% from that initial peak, and it has declined similarly relative to the euro.
Viewed from this perspective, the pound has declined by a still significant 13% since voters decided that the United Kingdom should leave the European Union.
which implies that the pound is now undervalued – by anywhere from 14% to 24% against the dollar, and by as much as 20% against the euro – relative to its notional fair value.
But let us assume that these estimates are at least roughly accurate, and that the pound is now broadly undervalued relative to the currencies of its major trading partners.
When we do this for the pound against the dollar and the euro, the pound’s notional exchange rate is still substantially weaker than its actual spot rate, which suggests that the market has indeed factored in a considerable risk premium.
For starters, British policymakers should acknowledge that a declining pound is helpful, but not sufficient, for improving the UK’s external position and rebalancing its economy.
That step – which places the renminbi on par with the major global currencies (the US dollar, the euro, the British pound, and the Japanese yen) – will enhance public- and private-sector acceptance of China’s currency in the international monetary system.
After the referendum, the pound depreciated some, but nothing much else happened.
That changed when the US bombing against the Taliban began; doubts over the wisdom of the US campaign combined with resentment at seeing a super-modern superpower pound away at a medieval country devastated by decades of war.
Joining the US dollar, the British pound, the euro, and the Japanese yen in the SDR club would be symbolically significant.
Moreover, the Lebanese pound is pegged to the US dollar.
The first is that the pound sterling, and the British economy generally, may yet be badly buffeted by the unpredictable repercussions of the financial crisis in Asia; whereas the single currency area may prove a fortress of calm and stability.
But British interest rates are four percentage points higher than France or Germany, because the markets distrust the stability of the pound.
One consequence of high interest rates is that the exchange rate of the pound is far higher than the economic fundamentals would justify.
But British inflation is rising, so interest rates will go up, which will keep the pound up.
And yet Britain cannot seriously join the single currency until the pound stabilises at a much lower rate, probably at least 20% lower.
William Hague’s campaign was dominated by his call to “save the pound” and stay out of the Euro.
Indeed, German public opinion remains deeply ambivalent about the euro, and increasingly disillusioned its continual decline against the dollar (and the pound).
A decade later, in 1924, the ratio was 3.2 and rising – and the US dollar had eclipsed the British pound as the most important IVC.
If asked whether you are better off today compared to a year ago, you would answer in the affirmative if your money income (that is, its dollar, pound, euro, or yen value) rose during the previous 12 months.
In the face of large and growing external imbalances, the Central Bank of Egypt (CBE) chose to defend the Egyptian pound during last year’s political and economic turmoil.
The fate of the British pound and Swiss franc is impossible to say; they could benefit as safe havens, but their banks are highly exposed to the eurozone.
More than £100 billion ($131 billion) was wiped off the FTSE 100 in the first ten minutes of trading after the result was announced, while the pound has plumbed a 35-year low against the US dollar.
The old adage that “an ounce of prevention is worth a pound of cure” applies with particular force to monetary policy.
In early 1636, a pound of “switsers” (a particular category of tulip bulb) traded in Dutch markets for 60 guilders; by mid-February 1637, the price was 1,500 guilders.
The Case for Muddling Through BrexitSANTA BARBARA – Panic is gripping markets – stocks and bonds are falling, the pound is plumbing new depths, fears of recession are rampant – all because a slim majority of voters in the United Kingdom decided that the country should leave the European Union.
Start with “the City,” London’s Wall Street, which, despite the UK’s use of the pound rather than the euro, has long served as the EU’s pulsing financial center and its gateway to the rest of the world’s markets.
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