April 26, 2023 – Written by John Cameron
Pound (GBP) Rallies amid Elevated…
STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Rallies amid Elevated BoE Rate Hike Bets
Pound US Dollar (GBP/USD) Exchange Rate Rallies amid Elevated BoE Rate Hike Bets
The Pound US Dollar (GBP/USD) climbed during Wednesday’s European session, as elevated rate hike bets supported the Pound against its peers.
Furthermore, a return of risk appetite to the markets weighed heavily on the safe haven ‘Greenback’, preventing it from making many gains.
At the time of writing, GBP/USD traded at around US$1.2485, a rise of roughly 0.6% from Wednesday’s opening rates.