February 20, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar: Bank of England Sticks to Script, Sterling Posts One-Week Best
The Pound to Dollar exchange rate (GBP/USD) moved above the 1.2600 level on Tuesday.
As the dollar dipped lower, GBP/USD posted 2-week highs just below 1.2670 before settling just below 1.2650.
According to Scotiabank there is no sign of an imminent breakout with resistance around 1.2685; “Recent sterling losses towards 1.25 have attracted better demand and scope for…
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