GBP/USD shares with the Fed and Bank of England’s dovish repricing are fueling bullish momentum
The British pound rose during the North American session on Wednesday as the US dollar (USD) weakened on expectations that the Federal Reserve Bank (Fed) will cut interest rates later in the day. At the time of writing, the GBP/USD pair is trading at 1.3336 after bouncing from daily lows of 1.3296. Read more…
The British pound rises against the US dollar, and expectations of an interest rate cut by the Federal Reserve
The British pound rose 0.16% to approach 1.3320 against the US dollar during the European trading session on Wednesday. GBP/USD rises as the US dollar falls slightly amid caution ahead of the Federal Reserve’s monetary policy announcement at 19:00 GMT. Read more…
GBP/USD maintains positive ground above 1.3300, eyes Fed rate decision
The GBP/USD pair is trading in a stronger tone around 1.3305 during the early European session on Wednesday. The US dollar fell against the British pound, as the US Federal Reserve is widely expected to announce another interest rate cut on Wednesday. The UK monthly GDP report will be published later on Friday. Read more…
