KARACHI – Britain pound weakened by 89 money against the Pakistani rupee as the latest exchange rate was Saturday, March 22, 2025, Rs 362.61.
The pound sales rate has also come down as it is being sold in the South Asian country for Rs 365.41.
The currency code for British pound sterling is GBP, which is the official currency of the UK. Pound sign (£) is used for British pound sterling, also known as “sterling”.
The currency exchange rate is affected by several important factors, which determines how much the currency is compared to the other.
Supply and Demand: The most basic factor is the currency market demand. If more and more people or businesses need currency for trade or investment, its price increases. If the demand decreases, the price of the currency falls.
Interest Rate: Central banks set interest rates, which affect the currency attraction. High interest rates usually lead to a strong currency because investors want better profit. On the contrary, low rates can weaken the currency.
Economic Indicator: Economic performance plays an important role. Strong indicators, such as low inflation, high GDP growth, and commercial surplus, increase confidence in a country’s currency, which increases its price. Weak economic performance can have the opposite effect.
Political Stability: The political environment of a country affects investors’ confidence. Stable governments and countries with economic policies see strong currencies, while instability can lead to depression.
