GBP/USD Back below $1.2150
- Category: USD
GBP/USD is back below $1.2150 as Rachel Reeves fails to draw a line under bond selloff, writes Kathleen Brooks, research director at XTB.
Pound Sterling starts the new week weaker and looks set to test 2023 lows against the U.S. Dollar.
The Dollar Express steams ahead following the release of above-consensus U.S. job numbers that eradicate the odds of a Federal Reserve interest rate cut in the first half of 2025.
Bond yields have settled amidst indications Chancellor Rachel Reeves is ready to cut spending.