February 28, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound to Dollar: “No obvious fundamental drivers” for Sterling’s Downturn
The Pound to Dollar exchange rate (GBP/USD) came under pressure in early Europe on Wednesday and hit 5-day lows close to 1.2620 as equities moved lower.
Scotiabank commented; “A mild bid for the USD generally yesterday developed a little more in overnight trade, largely reflecting weaker risk appetite as stocks in Asia and Europe (mostly) weakened.”
According to Kyle Chapman, FX…
Read More
