June 21, 2024 – Written by John Cameron
STORY LINK Pound Sterling Retreats vs Euro, Dollar as August Rate Cut Seen Likely
The Pound lost ground on Thursday as Bank of England (BoE) rhetoric increased market bets on an August rate cut.
The Pound to Dollar (GBP/USD) exchange rate dipped to 1.2680 and not far above 5-week lows while the Pound to Euro (GBP/EUR) exchange rate retreated to 1.1830 from earlier highs above 1.1850.
Solid risks conditions limited selling pressure on the Pound with net gains for equities while the dollar…
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