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.
Pound Sterling is settling as the UK bond market rout eases.
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Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
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