Pound US Dollar Exchange Rate Fluctuates following UK Budget and US GDP

Pound US Dollar Exchange Rate Fluctuates following UK Budget and US GDP

October 31, 2024 – Written by David Woodsmith

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The Pound US Dollar exchange rate wavered on Wednesday following the publication of the UK’s Autumn Budget and the US’s latest GDP data.

At the time of writing, GBP/USD was trading at approximately $1.2998, up almost 0.2% from the start of Wednesday’s session.

While the Pound (GBP) held its ground against the US Dollar (USD), it weakened against most other currencies on Wednesday…
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