Keeping sterling inside the ERM becomes challenging as speculators bet against the pound. Britain hikes rates to 15% to defend the currency’s value, but fails and crashes out of the system on so ...

That role, which the pound shares with the U.S. dollar, has long strained Britain’s resources. Accordingly, the plan lifts some of the burden of maintaining a reserve currency from beleaguered ...

PoundSterlingLIVE - Above: A broad measure of Sterling strength (top) plotted against Bank of England rate hike expectations. Image courtesy of Equals Money. Pound Sterling is at strong levels and one ...