Currently, the GBP/USD exchange rate is trading at around $1.2381, reflecting a decline of approximately 0.6% since the opening levels on Wednesday. Following the latest US consumer price index (CPI) release, the US Dollar (USD) surged against most currencies, contributing to the Pound’s downturn. As CPI affects market dynamics, investors must assess how these changes impact their trading strategies. The ongoing volatility presents opportunities alongside risks in currency trading.