Sterling Climbs on Trade Hopes, Then Slips Ahead of BoE; Yen Firms as Trade Uncertainty Lingers
Currency markets were sharply reactive in the last 24 hours, with the British pound initially rallying on speculation of a forthcoming U.S.-UK trade agreement and the Japanese yen firming amid ongoing global trade uncertainty. Sterling Finds Strength, Then Retreats Pre-BoEThe British pound surged as high as $1.3356—its strongest level in months—after reports suggested that U.S. […]