July 21, 2024 – Written by John Cameron
STORY LINK Pound to Dollar Week Ahead Forecast: USD Volatility Tipped as Biden Withdraws
During the week, the Pound drew support from a shift in yield spreads in favour of the UK currency.
Expectations of a Bank of England August rate cut faded again while markets are now much more confident over a Fed move in September.
The Pound to Dollar (GBP/USD) exchange rate hit a 12-month high above 1.30 before a correction to 1.2920.
Bank of America considers that a sustained…
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