Paying With British Pounds Hasn’t Been This Popular Since 2016
- Proportion of payments in sterling surged over recent months
- Dollar, euro still most widely used payment currencies: SWIFT
This article is for subscribers only.
Bank customers are the most enthusiastic about using the British pound for global payments since mid-2016, around the same time the UK voted to quit the European Union.
The proportion of global payments made using sterling has surged to 7.845% of the total in October, up almost 2 percentage points since June, according to data from the Society for Worldwide Interbank Financial Telecommunications, known as SWIFT.