January 13, 2025 – Written by David Woodsmith
STORY LINK Pound Sterling Sellers Jump on the Bandwagon, GBP/USD Nears 1.213
The British Pound Sterling came under renewed pressure on Monday as sellers looked to trigger further pressure and position liquidation.
The Pound to Dollar (GBP/USD) exchange rate has slumped to fresh 14-month lows at 1.2110.
ING had expected GBP/USD support around 1.2250 but now expects that there will be a further slide to 1.20.
The dollar overall has posted further gains with fresh…
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