January 12, 2025 – Written by Tim Boyer
STORY LINK Pound to Dollar Forecast for Week Ahead: Sell to 1.1750?
MUFG recommends selling the Pound to Dollar (GBP/USD) exchange rate with a target of 1.1750.
There was a slide in UK bonds during the week with a jump in yields as the 10-year yield hit a 16-year high while the 30-year yield hit the highest level since 1998.
Upward pressure on US yields contributed to the selling of US bonds.
There were fears that the government’s economic strategy would unravel with pressure for fiscal tightening….
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