September 27, 2024 – Written by John Cameron
STORY LINK Pound Sterling in the Eye of the Storm
While the South-East US braced for Hurricane Helene, currency market volatility eased slightly on Thursday with a possible consolidation phase as markets waited for the next major market-moving events.
The latest data suggested a soft landing was realistic while gains in US equities helped support risk appetite.
The Pound to Dollar (GBP/USD) exchange rate held firm just above 1.3350 and not far below 31-month highs.
According to UoB; “The current price movements are likely the early stages…
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