This afternoon, the pound slumped against the US dollar and the pairing is currently trading at around $1.232. The US dollar enjoyed an upswing of support when the US Producer Price Index for August unexpectedly edged up by 0.1 percent.
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Pound US Dollar exchange rate: unexpected rise in US inflation causes GBP/USD to slide
Melbal Directory
17:35
This afternoon, the pound slumped against the US dollar and the pairing is currently trading at around $1.232. The US dollar enjoyed an upswing of support when the US Producer Price Index for August unexpectedly edged up by 0.1 percent.
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