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1 5 US Dollar to British Pound
The British pound has historically been stronger than the U.S. dollar, meaning a single pound is worth more than a single dollar. However, the pound has weakened against the dollar in recent years. At the time of writing, a British pound is worth $1.31 USD. Although the British pound has been historically stronger than the U.S. dollar, it has steadily weakened from a pre-war value of around $5 dollars to the present value of $1.31. This is likely due to the relative decline of British economic power, and the loss of most of the U.K.'s overseas colonies, combined with the increasing strength of the U.S. economy. The GBP/USD had another sharp decline in June 2016, when Britain voted to leave the European Union.
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Crispus Nyaga is a full-time financial analyst and trader with more than 7 years in the industry. He has been fortunate to work for several fintech companies, mostly from Europe, Asia, and North America. His work is published in leading platforms like Seeking Alpha, Invezz, rkdream.com InvestingCube, Capital.com, and Marketwatch. The City of London includes a lot of organizations and institutions that might impact the cable, in particular the London Stock Exchange, the third-largest stock exchange in the world. The LSE allows companies to raise money, increase their profile and obtain a market valuation through a variety of routes, thus following the firms throughout the whole IPO process.
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