January 14, 2025 – Written by David Woodsmith
STORY LINK Pound US Dollar Exchange Rate Dips to $1.21
The Pound to Dollar rate (GBP/USD) declined further on Tuesday as persistent worries about the UK economy unnerved investors.
The Pound (GBP) faced renewed selling pressure on Tuesday amid ongoing concerns about the UK’s economic trajectory.
Although UK bond yields retreated slightly from Monday’s near-three-decade highs, fears about the country’s fiscal stability lingered.
Investors are increasingly convinced that Chancellor Rachel Reeves…
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