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Positive GDP Data Boosts Sterling Exchange Rates

Positive GDP Data Boosts Sterling Exchange Rates

by | May 12, 2024 | EU, EUR, FX, GBP, GDP, USD

The last week was pretty volatile for Sterling exchange rates, with the Pound falling prior and following the BoE decision. The simple update is that 2 members voted for a cut which meant that traders have now started to price in the first BoE cut for June- this...