December 13, 2024 – Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate Slumps
The Pound US Dollar exchange rate trod water on Thursday following the release of the US’s latest PPI and initial jobless claims data.
On Thursday, the US Dollar (USD) climbed against most of its counterparts following the release of two key economic indicators.
The latest Producer Price Index (PPI) for the US surpassed expectations, increasing from 0.3% to 0.4%, contrary to forecasts that it would decline to 0.2%.
However, the US’s initial jobless claims for the week…
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