GBP/USD Hits 12-week High Amid Positive Data
November 26, 2023 at 06:01 AM EST
The Pound advances to a new 12-week high against the US Dollar on better-than-expected data revealed on Thursday, which sparked a sell-off of Gilts, consequently, UK bond yields rose. The GBP/USD is trading at 1.2606 after hitting a high of 1.2615.
