September 9, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Transatlantic Interest Rate Debate Dominates Pound Sterling
The dollar has recovered ground with the Pound to Dollar (GBP/USD) exchange rate below 1.3100 and close to 2-week lows.
Following the key US jobs data and Federal Reserve comments, sentiment has shifted towards a smaller 25 basis-point US interest rate cut at next week’s policy meeting.
This shift has supported the dollar with the currency index recovering to 101.50 from last week’s low near 100.50.
According to ING…
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