January 2, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Euro Rate Recovery Attempt Stumbles as Sterling on Defensive
Both the Euro (EUR) and Pound Sterling (GBP) came under significant pressure against the dollar on Tuesday.
The Pound to Euro (GBP/EUR) exchange rate briefly recovered to highs above 1.1560 before a fresh retreat to near 1.1520 amid fragile global risk conditions.
Trading volumes remained relatively low and there was substantial position adjustment after the holiday period.
There had been substantial dollar selling…
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