Pound US dollar exchange rate: GBP/USD jumps on US Fed rate cut fears



The pound US dollar exchange rate jumped yesterday, rising to $1.253 ahead of Fed Chairman Jerome Powell’s second testimony later on this afternoon. The US dollar broadly softened following yesterday’s testimony from Chairman Powell, who appeared to confirm that US interest rate cuts are on the way.
Pound US dollar exchange rate: GBP/USD jumps on US Fed rate cut fears Pound US dollar exchange rate: GBP/USD jumps on US Fed rate cut fears Reviewed by Unknown on 11 July Rating: 5

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