September 4, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound Sterling Stalls Ahead of Key US Data Releases
After quiet conditions on Monday with the US markets closed for the Labor Day holiday, the Pound to Dollar (GBP/USD) exchange rate retreated to 10-day lows near 1.3100 on Tuesday before settling around 1.3120.
Pound sentiment overall remains firm with hopes for solid growth, although US data releases are likely to dominate this week.
Markets remain extremely confident that the Federal Reserve will cut interest rates at the September policy meeting, but the…
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