May 25, 2023 – Written by John Cameron
STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Narrows amid Growing Fed Caution
Pound US Dollar (GBP/USD) Exchange Rate Narrows amid Growing Fed Caution
The Pound US Dollar (GBP/USD) exchange rate traded narrowly on Thursday, as USD investors pared back bets on further tightening.
At the time of writing, GBP/USD traded at around US$1.2371, showing little signs of movement from Thursday’s opening rates.
US Dollar (USD) Muted amid Growing Fed Caution
The US Dollar (USD) saw muted trade on Thursday, as markets continued to digest Wednesday’s Federal Open Market Committee (FOMC) meeting minutes.
These minutes indicated…
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