September 6, 2024 – Written by John Cameron
Leave a comment STORY LINK Tensions Build Ahead of Crucial US Data, Pound to Dollar Rate Poised for Breakout
The Pound to Dollar (GBP/USD) exchange rate hit highs at 1.3175 after Wednesday’s US data before settling around 1.3160 on Wednesday as weak data undermined the dollar.
US data releases over the next two days will be extremely important for GBP/USD with high volatility inevitable, especially given the scope for very choppy trading in equities.
GBP/USD could hit 30-month…
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