Pound US Dollar (GBP/USD) Exchange Rate Muted as UK Food Inflation Hits 18 Year High

Pound US Dollar (GBP/USD) Exchange Rate Muted as UK Food Inflation Hits 18 Year High

March 28, 2023 – Written by John Cameron

Pound US Dollar (GBP/USD) Exchange Rate Muted as UK Food Inflation Hits 18 Year High

The Pound US Dollar (GBP/USD) exchange rate narrowed during Tuesday’s session, as soaring inflation kept Sterling’s appeal low.

At the time of writing, GBP/USD traded at around US$1.2312, showing little movement from Tuesday morning’s opening rates.

Pound (GBP) Muted as UK Food Inflation Hits 18 Year High

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