March 7, 2024 – Written by James Fuller
Leave a comment STORY LINK Pound to Dollar Rate Hits a 1-Month Best Despite Lacklustre UK Budget
The UK budget failed to shift the dial on the Pound-Dollar exchange rate (GBP/USD) to any significant extent given that the headline measure of a cut in National Insurance rates had been flagged in advance.
The Pound to Euro exchange rate retreated to 1.1680 before stabilising around 1.1685.
The US data and Fed testimony had a greater market impact.
The data overall was slightly weaker than expected while Fed Chair…
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