The pound lost much terrain against the USD in May 2024, after a lack of economic figures. Financial markets responded unfavorably, as the pound lost out against other currencies. Inflation in the United Kingdom - as measured by the Consumer Price Index (CPI) reached double-digit figures during the summer of 2022.
British pound sterling (GBP) to U.S. dollar (USD) historical price table from June 6, 2023, to June 4, 2024
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Statista. (June 5, 2024). British pound sterling (GBP) to U.S. dollar (USD) historical price table from June 6, 2023, to June 4, 2024 [Graph]. In Statista. Retrieved November 15, 2024, from https://www.statista.com/statistics/1336118/gbp-usd-historical-price-table/
Statista. "British pound sterling (GBP) to U.S. dollar (USD) historical price table from June 6, 2023, to June 4, 2024." Chart. June 5, 2024. Statista. Accessed November 15, 2024. https://www.statista.com/statistics/1336118/gbp-usd-historical-price-table/
Statista. (2024). British pound sterling (GBP) to U.S. dollar (USD) historical price table from June 6, 2023, to June 4, 2024. Statista. Statista Inc.. Accessed: November 15, 2024. https://www.statista.com/statistics/1336118/gbp-usd-historical-price-table/
Statista. "British Pound Sterling (Gbp) to U.S. Dollar (Usd) Historical Price Table from June 6, 2023, to June 4, 2024." Statista, Statista Inc., 5 Jun 2024, https://www.statista.com/statistics/1336118/gbp-usd-historical-price-table/
Statista, British pound sterling (GBP) to U.S. dollar (USD) historical price table from June 6, 2023, to June 4, 2024 Statista, https://www.statista.com/statistics/1336118/gbp-usd-historical-price-table/ (last visited November 15, 2024)
British pound sterling (GBP) to U.S. dollar (USD) historical price table from June 6, 2023, to June 4, 2024 [Graph], Statista, June 5, 2024. [Online]. Available: https://www.statista.com/statistics/1336118/gbp-usd-historical-price-table/