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On Monday, the pound rallied as the dollar struggled against most currencies except the yen. Currently, it seems like more and more investors are seeing the Sterling as a good prospect for next year. Britain's currency was last 0.71% higher against the dollar at $1.2737. The euro was down 0.19% against the pound, buying 86.19 pence.
As optimism that the US Federal Reserve will soon be cutting rates has intensified, the pound went up around 2.8% over the last three months.
Source: reuters.com