The Pound US Dollar (GBP/USD) exchange rate struggled to find a clear direction on the final day of trading for 2022. A mixed market mood as a lack of economic data left the pairing exposed to domestic headlines and choppy trading conditions. At time of writing the GBP/USD exchange rate traded around $1.2065, relatively unchanged from the morning’s opening levels. Pound (GBP) Exchange Rates Undermined by Cost-of-Living Crisis Despite expectations of inflation finally peaking, the Pound (GBP) struggled for demand on Friday as fears of a continued fall in living standards weighed heavily. GBP investors head into the ... (full story)