Pounds to Dollars Update: Hits 30-Month High as Fed Kicks Off Cutting Cycle

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Pounds to Dollars Update: Hits 30-Month High as Fed Kicks Off Cutting Cycle

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September 19, 2024 – Written by John Cameron

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The Pound US Dollar (GBP/USD) exchange rate reached a 30-month peak on Thursday, driven by the Federal Reserve’s dovish interest rate decision.

At the time of writing, GBP/USD is trading at approximately $1.3288, marking a 0.6% increase for the day.

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