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Pound Sterling Price News and Forecast: Climbs above 1.34 as Fed cut and soft US data weigh on DXY
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Pound Sterling Price News and Forecast: Climbs above 1.34 as Fed cut and soft US data weigh on DXY
Sterling rallies during the North American session, up over 0.68% after the Federal Reserve delivered as expected a 25-basis points rate cut and a softer than expected jobs report, weighed on the Dollar. At the time of writing, the GBP/USD trades at 1.3417 after bouncing off daily lows of 1.3354.
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