February 5, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Risk of Further GBP/USD Selling: Scotiabank Pound to Dollar Tech Forecast
US Dollar Strength Dominates Markets, GBP/USD Exchange Rate Slides to 7-Week Lows
The UK data was firm on Monday, but the Pound was unable to draw any benefit and the Pound to Dollar (GBP/USD) exchange rate posted further significant losses to 7-week lows at 1.2550.
Dollar strength is liable to dominate for now unless there is extremely weak US data.
The final UK services-sector…
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