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Pound Sterling Outlook: August BoE Rate Cut In The Balance
The Pound has retreated in global markets after the Pound to Dollar (GBP/USD) exchange rate failed to hold above 1.30. The ECB policy decision did not cause any ripples across asset classes with no real reason for markets to shift their expectations of a further cut in September. US data was mixed with further weakness of a cooling in the labour market offset by a stronger-than-expected manufacturing survey. The Pound to dollar (GBP/USD) exchange rate retreated to 1.2975 from 1-month highs above 1.3000, although selling was limited. The Pound to Euro (GBP/EUR) exchange rate also retreated from 23-month highs near ... (full story)
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- Jul 22, 2024 5:25am Jul 22, 2024 5:25am
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- Posted: Jul 21, 2024 6:30pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 2,759
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