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The British Pound hit a 2-month high against the US Dollar, influenced by US economic data and UK gilt yields.
The British Pound (GBP) strengthened against the US Dollar (USD), reaching near a 2-month high of 1.2715, after US economic data indicated a softer outlook, with the US ISM Manufacturing PMI dropping to 50.3.
This, along with a rise in UK 10-year gilt yields and a decline in US yields, boosted the GBP/USD exchange rate by over 0.89% to 1.2694.
The pound’s value has also increased due to its perceived safety compared to other G10 currencies.
However, the GBP/USD pair dipped to 1.2575 following President Trump's tariff decisions, raising concerns about potential economic impacts.
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La libra británica alcanzó un máximo de 2 meses contra el dólar estadounidense, influenciado por los datos económicos estadounidenses y los rendimientos dorados del Reino Unido.