Pound Dollar Exchange Rate Surges amid Fed rate cut speculation

Pound Dollar Exchange Rate Surges amid Fed rate cut speculation
September 17, 2024 – Written by John Cameron

pound-to-dollar-rate-forecast-6

The Pound US Dollar (GBP/USD) exchange rate jumped on Monday amid rising Federal Reserve interest rate cut bets.

At the time of writing GBP/USD was trading at $1.3196, up approximately 0.5% from Monday’s opening rate.

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