Pound Sterling Slips vs Euro and Dollar as Tech Selloff Sparks Safe-Haven Demand

Pound Sterling Slips vs Euro and Dollar as Tech Selloff Sparks Safe-Haven Demand

January 29, 2025 – Written by David Woodsmith

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The Pound to Dollar exchange rate (GBP/USD) edged lower on Tuesday as risk-averse sentiment saw investors flock to the safe-haven Greenback.

At the time of writing, GBPUSD was trading near $1.2428, down approximately 0.2% from Tuesday’s opening levels.

The US Dollar (USD) continued its upward trajectory on Wednesday, consolidating gains made…
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