February 9, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar: Low/mid 1.25s up Next?
European currencies posted fresh losses on Thursday while the dollar posted net gains with a strong advance against the yen with USD/JPY breaking above the 149.00 level for the first time in over two months.
In this environment, the Pound to Dollar (GBP/USD) exchange rate dipped back below the 1.2600 level to trade around 1.2580.
This retreat will put the focus back on 8-week lows just above 1.2520 posted earlier in the week.
As far as US data is concerned, initial jobless…
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