February 26, 2024 – Written by Frank Davies
Leave a comment STORY LINK US Dollar Drifts Lower as Volatility Collapses, Pound Rate Edges Higher
The Pound to Dollar (GBP/USD) exchange rate has edged higher during Monday, although the main feature has again been very narrow ranges with resistance at the 1.2700 level and consolidation around 1.2680.
The dollar overall has drifted lower against European currencies with low volatility encouraging flows out of the US currency.
Month-end position adjustment could undermine GBP/USD over the next 24-36…
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