Pound sterling / Swiss franc

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Updated: 18 Jan, 3:16 pm UTC
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The British Pound Sterling is the official currency of the United Kingdom and is one of the most traded currencies in the global foreign exchange markets. Investors use the Pound Sterling to hedge against currency fluctuations and to take advantage of the United Kingdom’s strong economy. The Pound is also a popular currency for international trade, as many countries have strong trading relationships with the UK. The Pound Sterling is also an important currency in the financial markets, as it is used as a benchmark for other currencies, as well as a safe haven asset in times of market volatility.