April 24, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Sterling Rebounds After UK and US PMI Data Jolts Expectations
Solid UK business confidence data, together with weaker-than-expected US data has triggered a sharp Pound rally on Tuesday with the current market narrative of US economic out-performance under fresh scrutiny.
The Pound to Dollar (GBP/USD) exchange rate has jumped to near 1.2450 from early lows at 1.2330.
Latest US survey data has again not backed the picture of strength indicated by official data, especially with…
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