Sterling Hits Three-Week Low Against the Dollar as Middle East Tensions and UK Gilt Yields Rattle Markets
The British pound slipped to its weakest level in three weeks on Wednesday, caught between a resurgent dollar and mounting pressure in Britain’s own bond market, in a session that captured just how exposed sterling has become to forces well outside the UK’s control. GBP/USD fell as low as $1.3490, its softest reading since August … Read more