Pound US dollar exchange rate: GBP/USD flat after yesterday’s rally on Fed rate cut fears

Today the pound remains flat against the US dollar and the pairing is currently trading at around $1.268. In a light day for UK data it has been US ecostats that have been driving the GBP/USD pairing, as the latest US services PMI revealed that new business expansion eased to its slowest since March 2016.

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