March 13, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Rate Near 1.28 on Mixed Sterling Sentiment
The Pound to Dollar exchange rate (GBP/USD) found support close to 1.2750 on Tuesday and rallied to test the 1.2800 level and traded close to this level on Wednesday.
The dollar was resilient while the Pound was supported by firm risk conditions with the UK FTSE 100 index looking to build on Tuesday’s 1.0% gains.
A break above 1.2815/20 is needed to underpin the case for short-term GBP/USD gains towards 1.30.
Bank of America…
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