February 17, 2025 – Written by Frank Davies
STORY LINK Today’s Pound to Dollar Exchange Rate Holds Near Best in Eight Weeks for Buyers
The Pound to Dollar (GBP/USD) exchange rate traded close to 1.2600 and close to an 8-week best on Monday with US markets closed for a holiday.
The UK 10-year yield spiked to 2-week highs around 4.60% early on Monday before a retreat to just below 4.55%.
According to Scotiabank the outlook is broadly positive on a short-term view; “A push through the low 1.26s…
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