GBP/USD dips to 1.18 amid UK political crisis
The pound retreated on Wednesday, undermined by considerable UK political uncertainty.
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The pound retreated on Wednesday, undermined by considerable UK political uncertainty.
The EUR/USD exchange rate plummeted to a new 20-year low on Tuesday, amid heighted fears of a Eurozone recession.
The US dollar got off to a solid start last week, the currency rising in tandem with US Treasury yields.
The US dollar was catapulted higher on Friday, with investors flocking to the safe-haven currency amid a prevailing risk-off mood.
The US dollar rallied on Thursday on the back of comments from Federal Reserve Chair Jerome Powell.
The euro got off to a robust start this week, striking a two-week high against the US dollar.
The US dollar opened last week stuck in a narrow range, with the closure of US markets for the Juneteenth federal holiday resulting in thin trading co
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