January 8, 2025 – Written by John Cameron
STORY LINK Pound to Dollar Rate Subdued on Strong US Economic Reports
The Pound to US Dollar exchange rate (GBP/USD) softened on Tuesday, with the pair retreating from earlier gains as US economic data outperformed expectations.
The US Dollar (USD) initially came under pressure on Tuesday, weighed down by improved market risk sentiment.
Investors were encouraged by reports suggesting the incoming Trump administration might adopt a more balanced approach to trade policies, reducing fears…
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