Pound US dollar exchange rate: GBP/USD rallies from 10-week low as safe-haven demand slips

At the time of writing the GBP/USD exchange rate has climbed to $1.274, up 0.3 percent from yesterday’s 10-week low, but still notably down from the week’s opening rate of $1.283. Following some heavy selling on Tuesday the pound is clawing its way higher against the US dollar this morning as risk-on trade clips demand for USD.

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