April 18, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Dollar: Sticky UK Services Inflation Boosts Sterling Exchange Rates
The Pound to Dollar (GBP/USD) exchange rate dipped further to 5-month lows just above 1.2400 on Tuesday before a recovery to 1.2470 after the latest UK data.
Expectations of near-term Federal Reserve interest rates have continued to fade with the potential for a June cut close to being ruled out while the chances of a July cut are now below 50%.
The latest UK inflation data, however, has…
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