October 17, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound US Dollar Exchange Rate Weakens
The Pound US Dollar exchange rate lost ground on Wednesday following the publication of the UK’s latest consumer price index (CPI).
At the time of writing, GBP/USD was trading at approximately $1.3020, down roughly 0.4% from the start of Wednesday’s session.
The Pound (GBP) plunged against the majority of its counterparts on Wednesday after the UK’s latest inflation figures were released.
The Office for National Statistics (ONS) reported that both headline and core inflation rates…
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