January 14, 2025 – Written by Frank Davies
STORY LINK Pound Sterling Finds Some Breathing Space, GBP/USD Still at Risk of 1.2000
The Pound hit 14-month lows against the US Dollar, close to 1.2100 on Monday before a rally to 1.2200 as the dollar corrected weaker.
A slight easing of the UK political temperature has helped provide Sterling relief.
ING is not convinced that the Pound is out of the woods yet; “Things can stabilise in the gilt and GBP markets over the coming weeks, but Cable may still drop…
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