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Pound To US Dollar Rate Rallies Back To 1.22 On Bullish Market Mood

From exchangerates.org.uk

The Pound US Dollar (GBP/USD) exchange rate strengthened notably during Thursday’s session, as an upbeat market mood dented the safe-haven US Dollar (USD). At the time of writing, GBP/USD traded at around US$1.2198, an increase of just over half a percent from Thursday’s opening rates. US Dollar (USD) Exchange Rates Weaken amid Cheery Market Mood: The US Dollar (USD) weakened over the course of Thursday’s session, as risk appetite began to increase amongst investors. Because of this, the safe haven ‘Greenback’ was unable to gain much ground against riskier assets, such as the Pound. Furthermore, the final print of ... (full story)

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  • Category: Fundamental Analysis