Pound US dollar exchange rate: Sterling muted as consumer credit tumbles

Pound US dollar exchange rate: Sterling muted as consumer credit tumbles

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The pound is trading at a rate of $1.282 against the US dollar this morning, which represents a slight fall on its opening levels. The main driver today for the pound is anticipation of Philip Hammond’s budget later today, with Sterling investors hoping to see the Chancellor boost public spending as a means of stimulating growth in the UK economy.



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