FX Guys

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

October 31, 2024 – Written by David Woodsmith

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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