Pound Dumped as New Year Gets Underway
- Category: EUR
The British Pound is softer against most of its major peers amidst softer UK bond yields.
Euro exchange rates moved higher on the final full trading day of 2024 after Spanish inflation easily beat expectations.
A rise in debt servicing costs has helped Pound Sterling hold gains against the Euro.
Thin market conditions mean month-end flows are firmly in charge of FX markets.