Pound US Dollar (GBP/USD) Exchange Rate Subdued despite Uptick in US Inflation

Pound US Dollar (GBP/USD) Exchange Rate Subdued despite Uptick in US Inflation

November 14, 2024 – Written by John Cameron

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The Pound US Dollar (GBP/USD) exchange rate traded sideways near a three-month low on Wednesday, with the American currency unable to push higher despite rising inflation.

The US Dollar (USD) experienced a slight downturn on Wednesday, pausing its recent upward trajectory.

In the past few days, USD has reached multi-month peaks, driven by anticipation that President-Elect…
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