October 4, 2024 – Written by John Cameron
STORY LINK Pound to US Dollar Exchange Rate Forecast, News: BoE Rate Cut Bets Dent Sterling
The Pound US Dollar (GBP/USD) exchange rate nosedived on Thursday morning, following some dovish remarks from Bank of England (BoE) Governor Andrew Bailey that sent the UK currency reeling.
At the time of writing, GBP/USD traded at $1.3115, having plunged more than 1% since the start of the session.
The Pound (GBP) came under intense selling pressure at the beginning of Thursday’s…
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