January 9, 2025 – Written by David Woodsmith
STORY LINK Pound Sterling Tanks 1.13% lower as US Dollar Steamrolls Higher
GBPUSD is –1.13% lower on Wednesday as the US dollar steamrolls higher.
The yield on UK gilts is spiking higher and the 30-year made 25-year highs.
Yields are also higher in the US and other countries as inflation bounces back and data improves.
Volatility has stayed high this year and Tuesday was yet another wild session. Hot data from US Services PMI and JOLTS Job Openings pushed US…
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