February 27, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Rate: “Struggled to Extend through 1.2700”
The Pound to Dollar exchange rate (GBP/USD) was again unable to break the 1.2700 level on Tuesday and retreated to near 1.2660 after the New York open before settling around 1.2675.
GBP/USD needs to break 1.2700 to make further headway with markets looking at month-end trading to break the deadlock.
The dollar secured a net gain despite a significant decline in US consumer confidence.
Position adjustment will be…
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