GBP/USD Outlook: Pound to US Dollar Exchange Rate Slides Towards 1.25

GBP/USD Outlook: Pound to US Dollar Exchange Rate Slides Towards 1.25

November 22, 2024 – Written by John Cameron

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The Pound US Dollar exchange rate treaded water on Thursday despite the UK’s latest borrowing figures outpacing estimates.

At the time of writing, GBP/USD was trading at approximately $1.2641, virtually unchanged from the start of Thursday’s session.

The Pound (GBP) stumbled against most currencies on Thursday after the UK’s latest government borrowing figures were released.

According…
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