July 25, 2024 – Written by Frank Davies
Leave a comment STORY LINK UK Data Reinforces Pound Sterling Confidence: Pound to Dollar Rate Rebounds
Equity markets were the main focus on Wednesday with sharp losses on Wall Street and mixed US data.
Despite weaker risk conditions, the dollar failed to gain significant benefit with USD/JPY sliding to 2-month lows.
The Pound to Dollar (GBP/USD) exchange rate initially dipped to 10-day lows at 1.2875 before a recovery to 1.2930 as the dollar retreated.
