January 30, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Outlook: GBP Dips Below 1.27 on USD Strength
The Pound to Dollar (GBP/USD) exchange rate dipped to lows below 1.2670 before stabilising.
Market conditions were subdued on Monday, especially with no data releases.
Position adjustment ahead of this week’s central bank meetings was a key element with expectations of a more dovish Bank of England stance curbing Pound support, although the key element was a further Euro retreat in global markets.
European currencies were…
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