Pound US Dollar (GBP/USD) Exchange Rate Slides as Republicans Gain Control of Congress

Pound US Dollar (GBP/USD) Exchange Rate Slides as Republicans Gain Control of Congress

November 17, 2024 – Written by Frank Davies

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The Pound to US Dollar (GBP/USD) exchange rate dropped to a new multi-month low on Thursday as investor demand for the USD remained strong.

At the time of writing, GBP/USD was trading around $1.2644, down approximately 0.5% from Thursday’s opening levels.

The US Dollar (USD) climbed on Thursday, continuing its upward trend following Donald…
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