EUR/USD Rises to 1.0954; Pound Surpasses $1.30 for First Time Since November 2024

The euro rose 0.3% against the U.S. dollar, reaching a fresh five-month high of 1.0954. Concurrently, the British pound surged above $1.30 for the first time since November 2024, driven by market expectations that interest rates in the UK will remain higher than those of its main peers throughout the year. This notable increase in the pound was confirmed by multiple sources, emphasizing the significance of the current interest rate outlook in influencing currency valuations.