February 6, 2025 – Written by Frank Davies
STORY LINK Pound to Dollar Rate Hits 4-Week Best, UK Stagflation Fears to Cap Gains
Traders have continued to welcome the postponement of tariffs on Mexico and Canada while the US-China tensions have not disrupted markets at this stage.
US yields have declined, and significant dollar losses have occurred.
In this environment, the Pound to Dollar (GBP/USD) exchange rate has strengthened to 4-week highs at 1.2530 before settling around 1.2515.
Scotiabank…
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