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GBP/USD exchange rate update

usd update

Arron Morris Currency Broker - GBP/USD exchange rate updateWritten by
Arron Morris
Senior Currency Broker
T: 01442 892 065

This morning saw the GBP/USD cross fall over a cent from yesterday’s high of $1.2581, opening today’s London session around $1.2470.

The dollar gained across the board after President Trump finally spoke about stimulus measures, promising a “phenomenal” tax reform in the next few weeks.

However, over the course of the day the pound has clawed back some ground, after the UK posted better than forecast manufacturing production figures. A report published by the Office for National Statistics showed the manufacturing output increased by 2.1% in December, against a predicted level of 0.3%.

GBP/USD exchange rate graph

GBP/USD exchange rate graph

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Arron Morris
Senior Currency Broker
T: 01442 892 065

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