Pound Sterling weakens against US Dollar after flash UK/US PMI data for April

Pound to Dollar Rate Gains to 1.33 as Trade Uncertainty Weighs on USD

The Pound to Dollar exchange rate traded sideways on Wednesday as both the UK and US released their latest preliminary PMI releases. At the time of writing, GBP/USD...

Pound retreats on US dollar fightback

Sterling and the euro both sought to stem losses from a US dollar fightback on Wednesday, which came in reaction to two significant concessions from President Donald Trump. First, Trump walked back comments about Federal Reserve chair Jerome Powell, before opening the door to a trade deal with China. The US dollar gained roughly half a cent against the pound and euro, which battled out a score draw. The pound was not helped by some discouraging …

Pound Sterling weakens against US Dollar after flash UK/US PMI data for April

The Pound Sterling (GBP) trades lower against the US Dollar (USD) around 1.3280 in Wednesday’s North American session.