Pound USD: Exchange rate declines as production slows and trade deficit grows

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The pound to US dollar exchange rate got off to a shaky start today, with Sterling falling around a quarter of a per cent in the pairing on a string of poor UK data releases. Whilst the GBP/USD rate remains above the low of $1.322 seen in late May, the current exchange rate of $1.336 is still relatively poor compared to April’s high of $1.434.

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