Maroc - CYPRUS-MAIL.COM - A la Une - 08/Jan 14:53

Sterling tumbles for a second day against firmer dollar

Sterling slid for a second day on Wednesday against a generally firmer US dollar, despite British long-term borrowing costs sitting at around their highest since 1998. Solid US data on Tuesday confirmed investors’ view that US interest rates will stay higher for longer, pushing up Treasury yields and boosting the dollar against most major currencies. […]