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GBP/USD reaches another new 2024 high
The Pound has now set a new 2024 high today. A short while ago the GBP/USD rose to 1.3064. The catalyst for that was a continued push lower in the EUR/GBP, to fresh session lows and a new low on the week at below 0.8515. The move higher in the Pound this afternoon comes after a Reuters poll of analysts revealed an overwhelming majority do not think the Bank of England will cut rates again next month. In fact, 57 out of 60 polled believe that to be the case. The GBP/USD is currently trading at 1.3059
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