Challenging Year Ahead For Pound Values

BATH, UNITED KINGDOM - DECEMBER 02: In this photo illustration, £20 notes featuring the late Queen Elizabeth II are pictured on December 02, 2023 in Bath, England. The year ahead is predicted to be challenging one for the Pound Sterling (GBP) due to economic weakness and a faster-than-expected Bank of England move to cut interest rates. Although the value of the UK pound against the Euro and the US Dollar has been rising in reaching record lows in 2023, a rallying Dollar drove the Pound back after better-than-expected U.S. economic data was released. Any fresh falls in the value of sterling is also contributing to the UK's cost of living crisis, as inflation hits a near-30-year high. (Photo by Matt Cardy/Getty Images)