January 11, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Dollar Forecast: Buying on Dips Around 1.2720
Stronger-than-expected US inflation data on Thursday triggered a dollar comeback in global currency markets.
Overall risk conditions were less buoyant with significant UK losses and the Pound to Dollar (GBP/USD) exchange rate dipped to lows just below 1.2700 from highs close to 1.2780 ahead of the US open.
There was buying on dips with GBP/USD trading around 1.2720.
US consumer prices increased 0.3% for December compared with consensus…
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