February 16, 2023 – Written by John Cameron
STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Drops as US PPI Beats Forecasts
Pound US Dollar (GBP/USD) Exchange Rate Drops as US PPI Beats Forecasts
The Pound US Dollar (GBP/USD) exchange rate fell on Thursday, following the publication of the latest US producer price index data, which came in above forecasts.
At the time of writing, GBP/USD traded around US$1.978, a decline of 0.5% from Thursday’s opening rates.
US Dollar (USD) Shores Up amid Hotter-Than-Expected PPI
The US Dollar (USD) made gains against most major peers on Thursday, following the release of the latest producer price index…
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