January 31, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Mid Week Forecast: Narrow ranges will support Sterling
The Pound to dollar (GBP/USD) exchange rate dipped to 10-day lows on Tuesday following weaker-than-expected UK lending data and stronger-than-expected US job-openings data.
The Euro did manage to make net gains against the dollar and GBP/USD recovered to 1.2685 around the European close.
There was on-going caution ahead of Wednesday’s Fed policy statement.
