March 23, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar: “Current Levels Attractive to Stay Short GBP/USD” say Danske Bank
The Pound to Dollar exchange rate (GBP/USD) briefly jumped to 1-week highs at 1.2800 after the Federal Reserve policy decision, but failed to hold the gains.
A limited dovish shift by the Bank of England pulled the Pound lower and the dollar also fought back in global markets amid expectations of European interest rate cuts.
In this environment, GBP/USD retreated…
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