Forex
Pound Plummets to Weekly Low as Dollar Gains Momentum
The British Pound has slipped to a weekly low against the US Dollar, trading below 1.3600, as the greenback continues its upward momentum.
This move is attributed to a combination of factors, including stronger US economic data and a cautious outlook for the UK economy.
US Treasury yields have risen due to resilient employment figures and persistent inflation data, making the dollar more attractive to investors seeking higher returns.