Pound to Dollar Forecast Today: GBP Retakes $1.24 vs USD Ahead of PMIs

Pound to Dollar Forecast Today: GBP Retakes $1.24 vs USD Ahead of PMIs

January 24, 2025 – Written by David Woodsmith

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The Pound Sterling (GBP) advanced to $1.24 handle against the US Dollar on Friday ahead of the latest PMI data.

At the time of writing, Pound US Dollar exchange rate (GBP/USD) was trading at approximately $1.24.

Sterling was mostly rangebound against the US currency on Thursday amid thin market trading conditions.

On Thursday, the Pound (GBP) had a tough time gaining…
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