June 13, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Soars amid Hotter-Than-Expected Labour Data
Pound US Dollar (GBP/USD) Exchange Rate Soars amid Hotter-Than-Expected Labour Data
The Pound US Dollar (GBP/USD) exchange rate strengthened significantly during Tuesday’s trade, following hotter-than-expected UK labour data, which cemented an additional rate hike from the Bank of England (BoE).
At the time of writing, GBP/USD traded at around US$1.2566, climbing by just under 0.5% from Tuesday’s morning rates.
Pound (GBP) Soars amid Hotter-Than-Expected Labour Data
The Pound (GBP) climbed during the European session…
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