January 16, 2025 – Written by David Woodsmith
STORY LINK Pound to Dollar Mid-Week Forecast: GBP/USD Soars on UK & US Inflation
The Pound US Dollar exchange rate (GBP/USD) surged on Wednesday following the release of the latest inflation figures from both the UK and the US.
Cable was trading at approximately $1.2305, up roughly 0.7% from the start of Wednesday’s session.
On Wednesday, the Pound (GBP) maintained its strength against most of its major trading partners and recaptured much of the ground…
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