March 5, 2024 – Written by David Woodsmith
STORY LINK Pound to Dollar Outlook: Fifth Time Lucky for GBP/USD Break of 1.2700?
Pound Sterling has edged higher on Monday while the US Dollar has lost some ground against European currencies.
The Pound to Dollar exchange rate (GBP/USD) has moved to test 1-week highs at the 1.2700 level after the New York open.
GBP/USD has already tested the 1.2700 level four times in the last 10 days without being able to make a breakthrough.
Scotiabank commented; “A clear and sustained…
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