February 1, 2024 – Written by David Woodsmith
STORY LINK Pound Sterling Treads Water vs US Dollar Ahead of Bank of England
Foreign exchange update: The Pound to Dollar exchange rate found support just below 1.2670 and posted net gains to above 1.2700 after the New York open.
Markets were monitoring event risk closely with two central bank positions over the next 24 hours.
According to Kirstine Kundby-Nielsen, FX analyst at Danske Bank; “Markets are just positioning themselves before the Fed tonight and Bank of England policy meeting…
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