April 26, 2024 – Written by John Cameron
Leave a comment STORY LINK US Dollar Outlook: Fed 2024 interest rate cut “starting to look increasingly more out of reach”
The Pound to Dollar exchange rate (GBP/USD) was unable to hold 1.2500, but did find support above 1.2450 and traded just below 1.2500.
The US Dollar posted renewed gains after the latest US data with markets even less confident over a Fed cut in interest rates amid fresh concerns over inflation trends.
The advance US GDP reading for the first…
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