Published On: Wed, Oct 2nd, 2019

Pound US Dollar exchange rate: GBP/USD slips as dollar hits 29-month high

The US dollar remained steady as it climbed against a handful of currencies, hitting a 29-month high as markets priced in a lower chance of further Federal Reserve Rate cuts in the coming months. The US Markit manufacturing PMI also provided some support for the US Dollar, edging up to a five-month high in September.
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