April 25, 2024 – Written by John Cameron
Leave a comment STORY LINK Sterling Recovery Continues, Pound to Dollar Rate Above 1.25
Although the US Dollar has posted 34-year highs against the Japanese Yen, the US currency has not been able to sustain the advance against European currencies.
The dollar index overall has retreated to 105.25.
The Pound has also continued its recovery in global markets and the Pound to Dollar (GBP/USD) exchange rate has broken back above the 1.2500 level to a 10-day high at 1.2520.
Bank of America strategist Kamal Sharma commented;…
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