GBP/USD retreats from YTD high past 1.34 on Fed turmoil
The Pound Sterling (GBP) reverses its course after reaching a daily high of 1.3423 due to concerns over the Federal Reserve (Fed) independence, spurred by United States (US) President Donald Trump’s harsh comments against Fed Chair Jerome Powell. At the time of writing, GBP/USD is trading at 1.3383, up 0.17%. Read More…
Pound Sterling trades firmly against USD as Trump assaults Fed’s independence
The Pound Sterling (GBP) remains resilient around a three-year high above 1.3400 against the US Dollar (USD) in Tuesday’s North American session. The GBP/USD pair is expected to see more upside as the USD continues to bleed due to United States (US) President Donald Trump’s attack on the Federal Reserve’s (Fed) independence for not reducing interest rates. Read More…
GBP/USD edges higher above 1.3350 as Trump’s attacks on Powell threaten Fed’s independence
The GBP/USD pair trades in positive territory around 1.3370 during the early Asian session on Tuesday. Fears of a slowdown in the United States (US) and concerns over the Federal Reserve (Fed) independence drag the US Dollar (USD) lower and create a tailwind for a major pair. Read More…
