September 26, 2024 – Written by John Cameron
Leave a comment STORY LINK China Stimulus Measures Unleash Fresh Pound Buying
Sterling has continued to make headway in currency markets with the Pound to Dollar (GBP/USD) exchange rate hitting 31-month highs around 1.3380.
The latest round of Pound strength has been due primarily to global influences, although there has been an element of domestic support.
According to ING; “We do not see GBP/USD positioning as particularly stretched and given perhaps a softer dollar environment, the direction of travel continues to be towards 1.35.”…
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