June 20, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Rate Held Below 1.2700
The US dollar retreated from intra-day highs after the latest US retail sales data, but still posted a small net gain with the Euro and Pound unable to gain sustained support.
The Pound edged lower ahead of Wednesday’s inflation data with the Pound to Dollar (GBP/USD) exchange rate held around 1.2690.
Looking at GBP/USD, Scotiabank commented; “there is little staying power in gains which have struggled to hold 1.27+ levels after last week’s bearish close for the GBP. It feels like…
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