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GBP vs USD currency overview for 23rd June 2017
There was little in the way of developments yesterday to particularly impact the US Dollar, so the ‘Greenback’ remained on sluggish form. Odds of another interest rate hike this year from the Federal Reserve were below the 50% mark and unemployment claims data was well within comfortable ranges, giving little to become excited about.
GBP/USD is likely to continue holding its strong gains against the US Dollar today, as markets will look past the upcoming Markit US PMIs to the speeches from Federal Reserve officials James Bullard, Loretta Mester and Jerome Powell.
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/USD exchange rates
GBP/USD performance, 23rd June 2017
This chart shows how the GBP is performing againt the US Dollar throughout the day.
The red line shows the opening exchange rate at the start of the day so that you can see if the current exchange rate is above, or below, yesterdays’ rate.
The GBP/USD exchange rate (1.2716) is higher than todays opening rate, so the Pound is stronger against the US Dollar compared to yesterday.
The long term chart at the top of this page shows how the GBP/USD exchange rate has performed over the last few months.
GBP/USD is scoring 83 (out of 100) on our trend strength indicator, which indicates that this currency pair is likely to be establishing a strong downwards trend.
Todays GBP/USD exchange rate summary
Highest exchange rate today: 1.2744
Lowest exchange rate today: 1.2673
Opening exchange rate today: 1.268
This article is for information and educational purposes only and does not form a recommendation to invest or otherwise. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.