The pound struck higher last week, being bolstered by economic optimism following the publication of the UK’s 2021 Budget. At the same time, the US dollar roared higher last week, rising in tandem with surging US Treasury yields. Sterling, meanwhile, has edged higher so far this week, with GBP/EUR ticking up to €1.16 and GBP/USD [...]
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US dollar rebounds from two-week low amid growth concerns The pound fluctuated through last week’s session, experiencing volatility in response to the latest Brexit developments and some mixed data. At the same time, after initially tumbling to a fresh two-year low, the US dollar mounted a convincing recovery as jitters over global growth buoyed the [...]
Read more about: "Pound rocked by Brexit woes"