September 19, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Transatlantic Interest Rate Debate Dominates the Pound, GBP/USD Jumps
The British Pound (GBP) posted gains after the latest UK inflation data with a Bank of England rate cuts seen as even less likely this week.
The Pound to Dollar (GBP/USD) exchange rate touched 1.3200 from 1.3160.
The Federal Reserve will cut rates today, although the size of the cut is still uncertain and there will be high volatility later in the session.
According to ING; “The pound is trading…
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