August 18, 2024 – Written by David Woodsmith
STORY LINK Pound to Dollar Week Ahead Forecast: GBP/USD Creeps Towards August Best
UK GDP data was in line with market expectations with US data and Federal Reserve interest rate expectations set to dominate markets. The Pound to Dollar (GBP/USD) exchange rate traded just above 1.2850 as UK sentiment held firm.
Markets remain extremely confident that the Federal Reserve will cut interest rates in September, although sentiment has shifted towards expecting a 25 basis-point cut.
This shift in…
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