FX Guys

Pound US Dollar (GBP/USD) Exchange Rate Bolstered by US Inflation Slowdown

April 12, 2023 – Written by John Cameron

Pound US Dollar (GBP/USD) Exchange Rate Buoyed by US Inflation Data

The Pound US Dollar (GBP/USD) exchange rate rose on Wednesday. The pairing found support from evidence of a slowdown in US inflation, as well as a risk-on mood.

GBP/USD’s gains were capped by stubbornly high US core inflation, however.

At time of writing the GBP/USD exchange rate was…
Read More