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Pound Sterling Skyrockets vs US Dollar amid Ukraine Peace Hopes

March 3, 2025 – Written by Ben Hughes

The Pound US Dollar exchange rate jumped up on Monday as a significant upbeat market mood bolstered the exchange rate.

At the time of writing, GBP/USD was trading at approximately $1.2704, virtually up roughly 1% from the start of Monday’s session.

On Monday, the US Dollar (USD) plummeted against most of its major counterparts as a positive market sentiment, fuelled by European discussions of peace in Ukraine,…
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