January 27, 2025 – Written by David Woodsmith
STORY LINK Pound Sterling to Dollar Rate Hits 1.247 as UK Government Talks up Economy
The Pound to Dollar exchange rate (GBP/USD) hit 20-day highs just above 1.2520 before settling just above 1.2500.
The government’s shift in stance to talk up the economy and put renewed focus on the growth outlook had some impact in supporting Pound sentiment, although there are still important reservations over the near-term outlook.
COT data, released by the CFTC also…
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