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Pound Sterling Buffeted by Multiple Global Tensions, December Trades Keep GBP Afloat

December 3, 2024 – Written by Frank Davies

There have been mixed dollar influences over the past 24 hours. The clash of global economic and political elements, allied with seasonal pressures, will lead to high volatility.

Seasonal trends of firm equities and dollar vulnerability will tend to underpin the Pound, but these factors could be offset by multiple global elements ahead of the new US Administration.

The…
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