November 20, 2024 – Written by Tim Boyer
STORY LINK Bank of England in Wait and See Mode
BoE in Wait and See Mode, GBP/USD Trapped Near 6-Month Lows Ahead of Inflation Data
The Pound to Dollar (GBP/USD) exchange rate has managed to hold above 6-month lows just below 1.2600 recorded late last week, but has struggled to make significant headway.
According to ING; “We see no reason for a large dollar correction at the moment, but equally not a clear catalyst for an advance.”
UoB commented; “GBP/USD is ready to resume its downtrend with the potential of further decline…
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