January 6, 2025 – Written by Tim Boyer
STORY LINK UK Reservations Dampen Sterling Support, Pound to Dollar Exchange Rate Rallies
After hitting 8-month lows near 1.2350 last week, the Pound to Dollar (GBP/USD) exchange rate has rallied to 1.2475 amid a wider dollar corrective retreat against European currencies.
There are important US data releases this week, culminating in Friday’s employment report.
ING commented; “This week will see a return of normal market conditions and a pick-up in FX…
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