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On June 21, 2024, the GBP/USD exchange rate saw the British pound stumble, dropping to 14-month lows amid surging UK yields. The market update on January 9, 2025, however, indicated a rise in Sterling's value, suggesting temporary recovery. Fluctuations in the GBP/USD pair are influenced by various factors, including interest rate differentials, economic data releases, and geopolitical events. Investors closely monitor these dynamics to make informed trading decisions.

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