June 1, 2023 – Written by John Cameron
STORY LINK Pound US Dollar (GBP/USD) Exchange Rate Strengthened by Bets on Fed Rate Hike Pause
Pound US Dollar (GBP/USD) Exchange Rate Rises as Markets Pare Back Fed Bets
The Pound US Dollar (GBP/USD) exchange rate climbed on Thursday. The pairing was bolstered by bets of a potential rate hike pause from the Federal Reserve. Worse-than-expected output data for the US manufacturing sector added to the exchange rate’s…
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