The pound is only heading in one direction

LONDON: The pound is sprinting toward the end of 2019 as the world’s best-performing major currency, yet there are still plenty of hurdles to continue the rally next year.

After a make-or-break week for markets with the UK election and the threat of more trade tariffs looming, people in the City of London were heard cheering in the early hours of Friday morning after Prime Minister Boris Johnson’s self-styled “glorious” victory and a phase-one deal between the US and China.