The pound slumped against the US dollar this afternoon with the pairing currently trading at around $1.220. The dollar continued to rise against the pound today despite data revealing US producer prices suffered their largest decline in eight months.
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Pound US Dollar GBP/USD exchange rate slides despite US inflation slumping to 8-month low
![Pound US Dollar GBP/USD exchange rate slides despite US inflation slumping to 8-month low]()
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08 October
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