Pound to Dollar Rate Unchanged following Upbeat US and UK Data

Pound to Dollar Rate Unchanged following Upbeat US and UK Data

December 18, 2024 – Written by James Fuller

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The Pound US Dollar exchange rate was largely subdued on Tuesday following the release of some better-than-expected economic data from both the UK and the US.

On Tuesday, the Pound (GBP) gained ground against many of its major trading partners following the release of the UK’s latest employment figures.

The unemployment rate for the three months ending in October stayed at 4.3%, matching what the market…
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