March 2, 2024 – Written by Ben Hughes
Leave a comment STORY LINK Pound Sterling Creeps Higher vs Dollar as US Yields Retreat
Thursday’s UK and US economic data releases failed to have a major impact, although slightly softer than expected US jobless claims data did trigger limited dollar selling as US yields declined.
The Pound to Dollar (GBP/USD) exchange rate edged higher to 1.2670.
GBP/USD will need substantial month-end dollar selling to make a concerted attack on the crucial 1.2700 level.
UK mortgage approvals increased to 55,200 for January from an…
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