July 12, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Forecast: Will 4-Month Best Hold for GBP/USD Buyers?
Stronger than expected GDP data and hawkish Bank of England (BoE) rhetoric has triggered renewed Pound gains in global markets.
The Pound to Dollar (GBP/USD) exchange rate hit 4-month highs at 1.2870 and close to 11-month highs.
US inflation data will be a key element for GBP/USD later in the day.
A sustained move above 1.2860 could trigger a move to 1.30.
UK GDP increased 0.4% for May after no…
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