November 11, 2024 – Written by Frank Davies
STORY LINK Pound Sterling Resilient on BoE Restraint, but Dollar Strength Drags GBPUSD Lower
The Pound to Dollar (GBP/USD) exchange rate has dipped to 1.2875 from above 1.2900 on Monday amid another round of dollar strength.
In the short term, traders will focus on 12-week lows near 1.2835 posted in immediate reaction to Trump’s victory last week.
As far as the UK is concerned, the latest labour-market data is due on Tuesday with expectations that…
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