February 14, 2025 – Written by Tim Boyer
STORY LINK Pound Sterling Holds Weekly Trump Tariff Gains Against Euro and Dollar
The British Pound spiked higher against the Euro (GBP/EUR) and US Dollar (GBP/USD) exchange rates on the headline UK GDP data but failed to hold the gains as the details within the data were notably less favourable and reinforced reservations over the underlying outlook.
ING commented, “Fourth-quarter UK GDP wasn’t as bad as it could have been, though the details weren’t great.”
The Pound…
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