Pound US dollar exchange rate: GBP/USD rallies as UK avoids recession



The pound rose against the dollar today as the UK avoided falling into recession during the third quarter, leaving the pairing trading at around $1.287. Sterling was provided with an upswing of support after the Office for National Statistics revealed the UK had escaped falling into a recession during the third quarter, although the rebound in Q3 growth was smaller than forecast.
Pound US dollar exchange rate: GBP/USD rallies as UK avoids recession Pound US dollar exchange rate: GBP/USD rallies as UK avoids recession Reviewed by Unknown on 11 November Rating: 5

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