March 13, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound Sterling Hurt by Softer UK Wages and Higher US Inflation Data
The Pound to Dollar exchange rate (GBP/USD) lost the 1.2800 level after the UK wages data and dipped further after stronger than expected US consumer prices data.
GBP/USD dipped to near 1.2750 in immediate reaction to the data and after a brief recovery, there was a further test of 1.2750 after the Wall Street open with choppy trading conditions.
The dollar overall was significantly higher after the data and…
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