Pound to Dollar Rate: GBP/USD Wavers despite US Manufacturing Slump

Pound to Dollar Rate: GBP/USD Wavers despite US Manufacturing Slump
September 4, 2024 – Written by John Cameron

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The Pound US Dollar (GBP/USD) exchange rate moved without a clear direction on Tuesday despite a weaker-than-forecast US ISM manufacturing.

This saw the GBP/USD exchange rate trade at around $1.3141 at the time of writing, virtually unchanged from the day’s opening levels.

The Pound (GBP) faced headwinds on Monday as cautious market sentiment and a lack of fresh UK economic data weighed on investor confidence….
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