The pound has fallen back against the US dollar today, following disappointing news about UK inflation in September. The latest decline puts the pound US dollar pairing back near weekly opening levels at $1.314, but still above this week’s worst interbank exchange rate of $1.308. UK inflation was reported to have fallen from 2.7 per cent to 2.4 per cent on the year in September, below the expected 2.6 per cent printing. Month-on-month inflation has also slowed and this data means that a 2019 Bank of England (BoE) interest rate hike may now be less likely.

UK inflation news causes pound to drop against US dollar, but still above this week's lowest rate.

Pound US dollar exchange rate: GBP drops as UK inflation falls below forecasts

Hartpury University and Hartpury College

Finance

Currency Pairs Risk Rates of Return Distribution of Funds

The report has provided a detailed overview of the current currency market coupled with associated projections and market performances. In particular, the report has affirmed that different currency markets reacted differently to market dynamics from 2nd January 2018 to August 31st, 2018. The report has further described International currency market movements coupled with major events and announcements that have affected the operations in the markets. Lastly, the report has identified various trading strategies such as scalping and daily pivots to be comparatively effective in the currency trading markets.

Pound US dollar exchange rate: GBP drops as UK inflation falls below forecasts

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Currency Pairs Risk Rates of Return Distribution of Funds

International Finance: Currency Market Overview and Forecast

Pound US dollar exchange rate: GBP drops as UK inflation falls below forecasts

End of preview

Currency Pairs Risk Rates of Return Distribution of Fundslg...

International Finance: Currency Market Overview and Forecastlg...

Currency Pairs Risk Rates of Return Distribution of Funds

International Finance: Currency Market Overview and Forecast