Pound US Dollar Exchange Rate News: GBP/USD Subdued amid ‘Trump Trade’

Pound US Dollar Exchange Rate News: GBP/USD Subdued amid ‘Trump Trade’

October 24, 2024 – Written by John Cameron

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The Pound US Dollar exchange rate trended mostly flat on Wednesday as both UK and US data releases were thin on the ground.

At the time of writing, GBP/USD was trading at approximately $1.2975, virtually unchanged from the start of Wednesday’s session.

The US Dollar (USD) strengthened against most of its peers on Wednesday, buoyed by a sense of market caution and ‘Trump…
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