January 12, 2025 – Written by Tim Boyer
STORY LINK Pound Sterling Slides vs Dollar After US Jobs Data
Stronger-than-expected US data triggered a fresh surge in US and global bond yields on Friday.
Higher yields triggered fresh gains in the dollar and there were further concerns surrounding the UK outlook as yields also jumped towards 16-year highs.
The Pound to Dollar (GBP/USD) exchange rate slumped to 14-month lows just below 1.2200 before stabilising.
The Pound to Euro (GBP/EUR) exchange rate was marginally lower at 1.1925.
The…
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