July 18, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Dollar FX Outlook: Fed Could Cut Ahead of the Bank of England
Following further evidence of stubborn UK services-sector inflation, there were fresh doubts over an August Bank of England (BoE) rate cut in August while markets are increasingly confident that the Fed will cut rates in September.
The shift in expectations triggered fresh Pound gains with the Pound to Dollar (GBP/USD) exchange rate managing to break above 1.30 to a 12-month high at 1.3045.
Bank of America…
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