March 7, 2025 – Written by Frank Davies
STORY LINK US Dollar: GBP/USD Rate Tests 4-Month Best as Markets Await US NFP
Pound Sterling (GBP) overall has struggled on the crosses while the US Dollar (USD) has struggled amid ongoing recession fears and revised ECB guidance after the latest rate cut triggered further Euro gains.
The Pound-to-Dollar exchange rate (GBP/USD) hit 16-week highs just above 1.2920 before trading around 1.2885.
Scotiabank considers that GBPUSD has peaked for the time being but added, “Solidly…
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