March 20, 2025 – Written by David Woodsmith
STORY LINK US Dollar: GBP/USD Hits Best Exchange Rate in Four Months
The Federal Reserve held interest rates at 4.50% at the latest policy meeting which was in line with strong market expectations.
Chair Powell emphasised that there is a high degree of uncertainty over the outlook, especially over the impact of tariffs.
Concerns over weaker growth and higher inflation undermined confidence in the US outlook and the dollar lost ground after the release.
The Pound managed to regain…
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