October 9, 2024 – Written by David Woodsmith
STORY LINK Wave of Uncertainty Favours USD, Pound to Dollar Rate Near 3-Week Lows
Domestically, there are no major data releases until the latest GDP figure on Friday and global developments have dominated the Pound moves this week.
The Pound to Dollar (GBP/USD) exchange dipped to 3-week lows at 1.3060 on Monday before a tentative recovery to 1.3090 on Tuesday. Weaker UK equities also curbed potential Pound support.
UoB does not expect a near-term test of key support at 1.3000, but…
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