August 26, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound to Dollar Consolidates: Contrasting Central Bank Talk Triggers Further Pound Buying
The dollar dipped sharply following Fed Chair Powell’s comments on Friday while Bank of England Governor Bailey continued to preach caution over the potential for notable rate cuts.
The Pound to Dollar (GBP/USD) exchange rate hit 27-month highs at 1.3230 before a limited correction to 1.3200 on Monday.
