March 22, 2023 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Surges as UK Inflation Rises
Pound US Dollar Exchange Rate Slumps on Disappointing UK PMIs
The Pound US Dollar (GBP/USD) exchange rate accelerated on Wednesday, following the publication of the UK’s latest inflation figures.
This saw the GBP/USD exchange rate trade at around $1.2284 at the time of writing. Up roughly 0.5% from the day’s opening levels.
Pound (GBP) Soars as Stronger-than-Expected Inflation Boosts BoE Rate Hike Bets
The Pound (GBP) rallied against the US Dollar and the majority of its other peers on Wednesday, following the publication…
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