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USD to STERLING POUND LIVE RATE

USD to STERLING POUND LIVE RATE

conversion tool allows you to compare the live inter-bank currency rate with competitive travel money exchange rates available within the foreign exchange markets.


USD to STERLING POUND LIVE RATE

This Dollar to Pound conversion tool allows you to compare the live inter-bank currency rate with competitive travel money exchange rates available within the foreign exchange markets.

The Pound US Dollar (GBP/USD) exchange rate managed to waver higher this morning, despite some troubling UK GDP data.

As the session unfolds, it may be increasingly hard for GBP/USD to sustain its upside. A risk-off market mood and Federal Reserve speakers could add to the poor UK GDP data and push the Sterling lower.

Pound (GBP) Exchange Rates Rise despite Poor GDP

The Pound (GBP) managed to firm against the US Dollar (USD) this morning,

despite disappointing results from the UK’s latest GDP data.

UK economic growth in February was slower than economists had expected,

coming in at 0.1% rather than the forecast of 0.3%. This was a sharp slowdown from January’s impressive 0.8% GDP growth.

The poor data was primarily caused by a 5.4% slump in car production due to component shortages.

Economists commenting on the results say that the Ukraine war and cost-of-living crisis are increasing the risk of a recession in the UK.

The pound sterling, known in some contexts as the British pound,

the pound, or sterling, is the official currency of the United Kingdom, Jersey, Guernsey,

the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands,

the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence.

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