January 10, 2025 – Written by Tim Boyer
STORY LINK Crisis or Storm in a Teacup, Pound Consolidates vs Euro and Dollar
The Pound to Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates traded around 1.23118 and 1.19443 respectively on Friday.
The UK will not be impacted in isolation as sustained increase in global bond yields will have a negative impact on all major economies.
Jim Reid, market strategist at Deutsche Bank, commented; “even though the UK might appear the most striking in terms of when yields last…
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