January 14, 2025 – Written by David Woodsmith
STORY LINK Pound to Euro Rate Drops Amid Renewed UK Bond Market Woes
The Pound Sterling slid lower vs the Euro and US Dollar on Monday as pressure mounted in the UK bond market, leading to another round of selling for government debt.
At the time of writing, the Pound to Euro (GBP/EUR) exchange rate was trading near €1.1881, down rough 0.3% from Monday’s opening levels.
The British Pound struggled on Monday as another increase in UK government borrowing costs unnerved investors….
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