May 22, 2024 – Written by John Cameron
STORY LINK Dollar Drifts Against European Currencies, Pound Sterling Holds Above 1.27
The Pound to Dollar (GBP/USD) exchange rate held firm on Monday and traded above the 1.2700 level on Tuesday, close to 2-month highs, as low volatility limited support for the dollar.
If dollar moves remain limited, GBP/USD moves will tend to be dominated by the UK inflation data and Bank of England (BoE) interest rate expectations.
The UK inflation data will be released at Wednesday’s European…
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