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A run on sterling refers to a situation where investors or the public rapidly sell off the British pound (GBP) in anticipation of a decline in its value. This can lead to a sharp depreciation of the currency as demand plummets, often triggered by economic uncertainties, political instability, or unfavorable financial policies. Such a scenario can strain financial markets and prompt intervention from the Bank of England to stabilize the currency.
What else can I help you with?
What does the name Sterling mean?
The name Sterling means 'little star'
Who was the person that invented the cars that run on water?
Sterling
What does HAB mean on on jewelry?
what does it mean when your sterling have hab on it
Does just an anchor hallmark on a Gorham Co. tray mean it is sterling?
Yes sterling
Is Sterling Knight mean to little kids?
No
What does NR mean on Sterling Silver?
Not Really
Does rogers mean sterling silver?
yes
What does sj925 mean?
Means it is Sterling Silver
Is stalinon any currency?
I think you mean 'Sterling', or 'pounds Sterling', which is an alternative name for the British Pound (£).
What does stg mean on silver jewelry?
It is an abbreviation of the word "sterling," meaning that the piece of jewelery is made from sterling silver.
What is the stampled number 988 mean on sterling silver?
It means that 99.8% of the mass is silver. Sterling has a minimum of 92.5%.
How do you write the name sterling in Arabic?
if you mean the sterling currency : استرليني
