October 25, 2024 – Written by Frank Davies
STORY LINK Pound US Dollar Exchange Rate Climbs
The Pound US Dollar exchange firmed on Thursday following the publication of the latest US and UK PMI indices.
At the time of writing, GBP/USD was trading at approximately $1.2972, up roughly 0.4% from the start of Thursday’s session.
The Pound (GBP) gained ground against most currencies on Thursday despite the release of some below forecast UK preliminary PMI data.
Both the manufacturing and services indices fell short of expectations in October, though they remained…
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