February 23, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Dollar: Slips as Wall Street Rally Boosts US Exceptionalism
The Pound to Dollar exchange rate (GBP/USD) jumped to 20-day highs above 1.2700 in early Europe on Thursday, but failed to hold the gains and retreated sharply to around 1.2620.
US data was mixed, but the narrative of strong US asset prices was reinforced by another round of strong Wall Street gains as the S&P 500 index posted a fresh record high.
Although strong risk appetite…
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