April 23, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Rate Secures Net Gain to 1.2370
European currencies have recovered some ground on Tuesday with increased optimism that strength in services will lead to a rebound in the economy.
Equities have also posted net gains with the FTSE 100 index posting a record high at 8075 before a limited correction. Stronger equities should help underpin the Pound to some extent.
In this environment, the Pound to Dollar (GBP/USD) exchange rate found support above 5-month lows and secured a net gain to 1.2370.
