GBP/USD

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GBP/USD Eyes 1.35 on Fed’s Dovish Shift and U.K. Growth Boost

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The GBP/USD pair is experiencing an upward trend for the third week in a row, currently trading around 1.3330, marking its highest point since October 27. The British pound’s recovery is occurring as investors are factoring in a 93% probability of a Federal Reserve rate cut at this week’s meeting, which has driven the U.S. … Read more

ForexNewsPlus News

GBP/USD Stays Above 1.33 as Fed-Cut Hopes and Strong UK PMI Boost Pound

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GBP/USD rose to 1.3349, reflecting a 0.19% increase for the day, as market participants intensified their positioning in anticipation of next week’s FOMC decision. The U.S. Dollar Index is currently trading weakly in the range of 98.9–99.3, marking its lowest level since May, as market participants assign an 84–90% likelihood to a 25-basis-point rate cut … Read more