What Is The Definition of A Strong Pound?

Fri 13th April 2012

By Peter Lavelle

In this post I’d like to answer the question: what is the definition a strong pound?

A strong pound is this:

When you exchange the pound for more foreign currency than you could before.

For instance, the pound might be at 1.15 against the euro today.

However, if the pound was at 1.10 yesterday, that means the pound is stronger today.

You'll therefore receive more euros, when you exchange your pounds.

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