The pound against the dollar GBP/USD rose more than 1% in the day, setting the stage for its largest one-day gain since the end of 2023.
As UK government bond yields soared again, the pound fell nearly 1% against the dollar GBP/USD during the day to 1.2245, continuing to brush a new low since November 2023.
The dollar index DXY continued to decline, falling 0.9%, the pound against the dollar GBP/USD rose 1%, the euro against the dollar EUR/USD rose 1.1%, the New Zealand dollar against the dollar NZD/USD, the Australian dollar against the dollar AUD/USD rose more than 1%, the dollar against the yen USD/JPY erased the intraday rally, now down 0.01%.
The pound against the dollar GBP/USD fell by more than 1.00% during the day, continuing to brush the lowest level since April 2024 and now trading at 1.2392.