March 9, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Sterling Surges to 1.2890 Against U.S. Dollar on Increased FED Hike Bets
Markets More Confident over June Fed Rate Cut After US Jobs Data, GBP/USD Surges to 7-Month Highs
The latest US jobs data overall suggested that the very strong January report had been overstated and that the labour market overall was less tight.
The dollar moved lower and the Pound to Dollar (GBP/USD) exchange rate surged to 7-month highs at 1.2890 before settling around 1.2975.
Following…
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