June 29, 2024 – Written by John Cameron
STORY LINK Pound to Dollar Exchange Rate “Dragged” Lower with Euro
The Pound to Dollar (GBP/USD) exchange rate has crawled away from 6-week lows at 1.2613, but has not been able to make much headway as the dollar remains dominant.
At this stage, political concerns have sapped support for the Euro which has also dragged GBP/USD lower.
According to UoB; “Downward momentum is picking up again, and a break of 1.2600 would not be surprising. The next level to watch below 1.2600 is at 1.2550. On the upside, the…
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