Pound Sterling Breaks Higher Ground
The Pound's been on a tear, and it's not hard to see why - optimism about a US-Iran conflict resolution is running high, and that's got traders feeling pretty good about the UK's prospects. If you were watching EUR/GBP, you'd have noticed it's been slipping, which was pretty wild considering the Euro's been having a decent run against the Dollar. But the Pound's the real story here, up 0.3% versus the Dollar and trading at pre-conflict highs, according to FXStreet. And honestly, it's not just the conflict - strong demand for UK debt is also playing a role.
Read Full Report →