March 29, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Outlook: Delays in Fed Rate cuts Biggest Risk to FX Markets
The Pound to Dollar (GBP/USD) exchange rate was unable to challenge 1.2650 on Wednesday and retreated to test the 1.2600 level on Thursday.
Inflation concerns have been a key focus on both sides of the Atlantic with hawkish Fed rhetoric supporting the dollar.
GBP/USD will need to hold 1.2600 to maintain hopes that it can build on April’s positive seasonal trend.
The latest ONS…
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