The British pound used to be second in importance to the dollar as a vehicle currency,but its importance has diminished in recent years.This has resulted in London losing its leading position in the global foreign exchange market.

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The British pound used to be second in importance to the dollar as a vehicle currency,but its importance has diminished in recent years.Despite this,London has retained its leading position in the global foreign exchange market.

The British Pound Used to Be Second in Importance to the Dollar