October 23, 2024 – Written by David Woodsmith
STORY LINK Pound Sterling Hampered by US Election Jitters, GBP/USD Close to 2-Month Lows
The dollar has maintained a strong tone in global markets amid a further increase in US bond yields with weaker UK equities also a negative factor.
The Pound to Dollar (GBP/USD) exchange rate remained on the defensive, traded around 1.2990 and near 2-month lows.
According to UoB; “The likelihood of GBP breaking clearly below 1.2940 will remain intact, provided that the…
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