The Pound US Dollar (GBP/USD) exchange rate is trending higher today, as subdued trading conditions favour Sterling. At the time of writing the GBP/USD exchange rate is trading at around $1.3327, up roughly 0.4% from today’s opening rate. A clear US Dollar (USD) selling bias has prevailed so far this week, as the appeal of the currency has been undermined by increasingly thin trade ahead of the festive season as well as a broadly risk-on mood. The former has seen a number of USD investors engage in some profit taking in year-end trade, after what has been a broadly strong year for the ‘Greenback’ These movements have ... (full story)