December 5, 2024 – Written by John Cameron
STORY LINK Pound to US Dollar Rate Choppy following BoE Bailey Remarks
The Pound US Dollar (GBP/USD) exchange rate wavered on Wednesday as a variety of factors saw Sterling trade in a wide range.
The Pound (GBP) faced fluctuations on Wednesday as shifting market sentiment, comments from the Bank of England (BoE), and fresh economic data drove mixed movements.
Sterling initially gained support from a risk-on mood in markets. However, it came under pressure following comments from BoE Governor…
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