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GBP/USD pushes back towards $1.25

Arron Morris Currency Broker - GBP/USD pushes back towards $1.25Written by
Arron Morris
Senior Currency Broker
T: 01442 892 065

This afternoon has seen the pound rise against the dollar, with the currency pair rising from $1.2410 to $1.2490.

Earlier today the office of National Statistics released the latest UK inflation reading, with the figure coming in unchanged at 2.3%.

The data did little to impact the value of the pound, but with the rising geopolitical risk and a decline in U.S Treasury yields forcing investors away from the U.S. dollar, the pound has been able to regain some of the ground it lost last week.

GBP/USD exchange rate graph

Screen Shot 2017-04-11 at 17.02.04

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Arron Morris
Senior Currency Broker
T: 01442 892 065

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