July 31, 2024 – Written by John Cameron
Leave a comment STORY LINK Strong July Pound Sterling Buying Stalls as Traders Focus on Bank of England
The Pound to Dollar exchange rate dipped to 2-week lows just below 1.2810 on Monday before a recovery to 1.2850.
According to Scotiabank; “Regaining 1.29 intraday would be a positive but it is possible that the soft undertone will persist for another few days and perhaps extend to 1.2775 or so before steadying.”
Fiscal and monetary policy developments will be key elements this week with…
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