August 11, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound Sterling Struggles as Risk Appetite Dips Again, Pound to Dollar Rate Falls
Equity markets rallied during Wednesday and risk appetite improved, but there was a fresh setback late in the New York session.
US equities surrendered gains to post significant losses and confidence remained very fragile on Thursday.
The fresh reversal in confidence put downward pressure on Sterling with the Pound to Dollar (GBP/USD) exchange rate dipping just below 1.2700…
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