August 23, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound Sterling to Dollar Rate Consolidates near 13-Month Best
After sliding on Tuesday, the dollar has caught its breath in global markets, but secured only a limited correction with the dollar index (DXY) slightly above 8-month lows.
The Pound to Dollar (GBP/USD) exchange rate posted sharp gains to 13-month highs fractionally above 1.3050 before a limited correction to 1.3020.
US currency sentiment remains notably dovish on expectations of multiple Fed interest rate cuts over the next…
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