November 14, 2024 – Written by Frank Davies
STORY LINK US Dollar Buying Takes a Break, Pound Sterling Recovers – GBP/USD Outlook
The Pound to Dollar (GBP/USD) exchange rate found support around 1.2730 on Wednesday, just above 3-month lows at 1.2720 recorded on Tuesday and recovered to 1.2755 after the latest US inflation data with an element of profit taking on long dollar positions.
Politically, the Trump appointments so far have reinforced expectations of tough trade and immigration policies with markets continuing…
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