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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

A downward GDP revision on Monday reinforced a cautious mood surrounding the UK economy while the dollar moved back towards 2-year highs despite weaker-than-expected consumer confidence data.

The 1800s saw the Pound Sterling to US Dollar (GBPUSD) exchange rate by and large maintain a rate of around $5 to every £1 with the notable deviations from the rate seen to be aligned with ...