April 12, 2025 – Written by David Woodsmith
STORY LINK Pound-to-Euro Rate Recovers as Dollar Battered on Bond Sell-off
As the bond sell-off continued, the Pound to Euro rate recovered to 1.1515 towards Friday’s close from 16-month lows below 1.1450 earlier in the session.
The Pound to Dollar (GBP/USD) exchange rate hit highs just below 1.3150 before a retreat to near 1.3050.
There has been a notable element of consolidation in New York trading on Friday with position adjustment ahead of the weekend.
The battered…
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