The Pound to Dollar exchange rate failed to hold 1.2300 after the latest UK GDP data amid further reservations over the UK outlook. International developments, however, had a more substantial impact with the Pound sliding after the US inflation data. The Pound to Dollar (GBP/USD) exchange rate posted heavy losses with a trough close just below 1.2170 as the dollar surged in global markets. GBP/USD managed to regain the 1.2200 level in Europe on Friday. Risk conditions will remain important with the Pound more vulnerable if confidence weakens again. The Pound to Euro (GBP/USD) exchange rate was again blocked close to ... (full story)