October 2, 2024 – Written by John Cameron
Leave a comment STORY LINK GBP to USD Exchange Rate Plunges thanks to Risk-Off Flows
The Pound US Dollar exchange tanked on Tuesday as a cautious market mood severely undermined the currency pairing.
At the time of writing, GBP/USD was trading at approximately $1.3275 down roughly 0.7% from the start of Tuesday’s session.
The US Dollar (USD) climbed against the majority of its peers on Tuesday, buoyed by a risk-off mood.
As investors opted for safer assets, the ‘safe-haven’ greenback was lifted against its riskier…
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