| The Canadian, Australian and New Zealand dollars and the South African rand have been among the worst performers in 2015. Sterling held up well in 2015 against most currencies apart from the US dollar. The first major change came with the General Election in May, when it was widely expected that there would be another coalition government of some sort. The outright Conservative win gave the pound a push higher even against the dollar.
The main reason for sterling's strength was the hope that the Bank of England would raise interest rates this year. Debates about the timing of a rate hike both in the UK and US raged all year until the Federal Reserve Bank finally made the move at the last knockings of 2015 on December 16...............................................Full Article: Source
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