Sideways Trend as Pound Flat Against US Dollar amid Absence of Data

Sideways Trend as Pound Flat Against US Dollar amid Absence of Data
October 15, 2024 – Written by John Cameron

pound-to-dollar-rate-forecast-7

The Pound US Dollar exchange traded sideways on Monday as a lack of both UK and US economic data releases left the currency pairing largely flat.

At the time of writing, GBP/USD was trading at approximately $1.3056, virtually unchanged from the start of Monday’s session.

The US Dollar (USD) had a sluggish start to the week as a dearth of domestic economic data left the currency mostly directionless.

Despite…
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