October 13, 2024 – Written by David Woodsmith
Leave a comment STORY LINK US Data Increases Dollar Uncertainty, GBP/USD Recovers from 4-Week Lows
The latest US data triggered fresh uncertainty over economic direction and also lead to choppy trading in currency markets.
The Pound to Dollar (GBP/USD) exchange rate briefly dipped to 4-week lows at 1.3025 after the US data before a recovery to 1.3080.
US consumer prices increased 0.2% for September, above consensus forecasts of 0.1% with the year-on-year inflation rate edging lower to 2.4% from…
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