GBP USD (British Pound / US Dollar)
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
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The UK’s consumer-price index is expected to show that price pressures cooled in February.
The UK’s economy advanced at a faster-than-expected growth rate in January, fueling a pound rally.
The greenback didn’t even have competition on Tuesday as the Fed chief was behind the rally.
The British currency advanced moderately with investors showing confidence in the UK’s economy.
Sterling floats steady as the UK prime minister explores a 5% pay raise for the public sector.
The Cable coiled up after the consumer-price index came in above estimates.
The British pound had its calm Friday rocked after the UK's economy flashed mixed signals.
Heavyweight S&P 500 companies line up to report fourth-quarter earnings.
The pound has had a lot to deal with this year, so its new found high is well-deserved.
Both the pound and the UK’s stock market are recovering from the economic fallout of former Prime Minister Liz Truss and her economic policies.
This story will look at two different pieces of inflation news from either side of the Atlantic, though the US story is more fun – much like the US version of The Office.
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