Pound to Dollar Exchange Rate Slumps 1% as Trump Victory Sparks Market Moves

Pound to Dollar Exchange Rate Slumps 1% as Trump Victory Sparks Market Moves

November 7, 2024 – Written by John Cameron

pound-dollar-rate-forecast-1

The Pound US Dollar (GBP/USD) exchange rate slumped on Wednesday as the US presidential election results pointed to a victory for Trump.

At the time of writing, GBP/USD traded at around $1.2896, down more than 1% since the start of the day’s session.

The US Dollar (USD) surged on Wednesday as the US presidential election results indicated a win for former president…
Read More

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *