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Pound Slips for Third Day as Dollar Rallies Broadly

The pound declined for a third consecutive session on dollar strength and cooling UK business activity. S&P Global data showed UK services PMI falling to a three-month low of 51.7 in September. Sterling traded lower as investors anticipated further rate hikes.

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U.S. dollar, Euro and Pound banknotes are seen in this illustration taken May 4, 2025. REUTERS/Dado Ruvic/Illustration

The GBP/USD fell to $1.328, dropping 0.45% during Wednesday midday trading as broad dollar strength overshadowed a decline in global oil prices.
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