Sterling has faced its share of trials and tribulations in recent decades but remains a widely used currency, and, this year it has held up better against the dollar than peers. Here are some facts about the British currency: 1. Performance this year: The pound is trading around $1.27, up 23% from 2022's record low. It is down a fraction against the dollar this year, but that's a better performance than other developed market currencies. The recovery has been underpinned by a better-than-feared economic performance, expectations that the Bank of England will be cautious in cutting rates and hopes that a big win for ... (full story)