November 22, 2024 – Written by Frank Davies
STORY LINK European Currencies Out of Favour, GBP to USD Rate Close to 6-Month Lows
The Pound to Dollar (GBP/USD) exchange rate has been unable to make headway and drifted to 1.2625 on Thursday, close to 6-month lows just below 1.2600.
Overall risk conditions are less benign amid concerns over an escalation in the Ukraine conflict which is curbing support for European currencies.
ING commented; “That the Biden administration is providing more support before year-end…
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