May 19, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Sterling Outlook: Tensions Building Ahead of Next Week’s Crucial Inflation Data
The dollar overall recovered ground on Thursday with a sense that markets may have overreacted to Wednesday’s US inflation data.
From the Pound’s perspective, tensions were building ahead of next week’s crucial inflation data.
The Pound to Dollar (GBP/USD) exchange rate hit fresh 5-week highs at 12700 in Asia on Thursday before a retreat to just below 1.2650….
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