April 19, 2023 – Written by John Cameron
Pound (GBP) Rallies as UK Inflation Remains Higher-than-Expected…
Leave a comment STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Narrows as Bearish Trade Counters Elevated UK CPI
Pound US Dollar (GBP/USD) Exchange Rate Narrows as Bearish Trade Counters Elevated UK CPI
The Pound US Dollar (GBP/USD) exchange rate traded in narrow boundaries at the beginning of Wednesday’s European session. While GBP was supported by red hot UK inflation, a sour market mood kept the safe haven US Dollar elevated.
At the time of writing, GBP/USD traded at around US$1.2414, showing little movement from Wednesday’s morning rates.
