Published On: Mon, Nov 11th, 2019

Pound US dollar exchange rate: GBP/USD rallies as UK avoids recession

The pound rose against the dollar today as the UK avoided falling into recession during the third quarter, leaving the pairing trading at around $ 1.287. Sterling was provided with an upswing of support after the Office for National Statistics revealed the UK had escaped falling into a recession during the third quarter, although the rebound in Q3 growth was smaller than forecast.
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