STORY LINK Pound Drifts Lower Against Dollar as Sterling Unmoved by UK Government Growth Agenda The Pound to Dollar exchange rate (GBP/USD) has been unable to make headway and drifted lower to near ...
Despite the rise in yields, which increases the attractiveness of sterling-denominated assets, the UK currency has fallen sharply. It is now trading around $1.23, not far from a 14-month low.
Risk reversals, a barometer of market positioning and sentiment, show traders are most bearish on the UK currency in two years. Banks including Wells Fargo and Deutsche Bank said there’s room ...
STORY LINK Pound Drifts Lower Against Dollar as Sterling Unmoved by UK Government Growth Agenda The Pound to Dollar exchange rate (GBP/USD) has been unable to make headway and drifted lower to near ...
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