Daily pound to dollar (GBP/USD) open, high, low, close price up to December 7, 2023
Inflation in the United Kingdom - as measured by the Consumer Price Index (CPI) reached double digit figures during the summer.
The pound lost much terrain against the USD on September 23, 2022, after the UK government announced its plans to introduce so-called trickle down economics. Financial markets responded unfavorably to these measures - which benefit the most wealthy parts of society in the United Kingdom - as they were interpreted as an "experiment" where the outcome would be "uncertain".