March 27, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound Sterling Surrenders Gains as US Bond yields Increase, Trades Below 1.2650 vs Dollar
The Pound to dollar exchange rate (GBP/USD) hit highs just below 1.2670 on Tuesday. It was unable to sustain the peak levels and retreated to 1.2630 after the US open with little net change on the day as the dollar pared losses.
There was a lack of underlying energy in markets with an underlying phase of consolidation after last week’s central bank…
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