August 11, 2024 – Written by David Woodsmith
STORY LINK Risk Conditions Continue to Dominate, Pound to Euro Rate Rallies
Global risk conditions and equity markets continue to dominate global markets. In essence, the Pound will tend to strengthen when conditions improve while there will be renewed selling when fear dominates. Domestic influences remained limited at this stage.
Sentiment has improved on Wednesday with a pause in the liquidation of carry trades funded through the yen while equities have rallied.
In this environment, the Pound…
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