Pound to Dollar Exchange Rate Upside Limited as Federal Reserve Eyes Fewer Cuts in 2025
- Category: USD
The Dollar fell on the day the Federal Reserve and Bank of England cut interest rates by 25 basis points.
The British Pound's recovery against the Dollar gained traction following the Bank of England's November policy update.
Pound Sterling is stabilising against the Dollar, with the worst post-election predictions failing to materialise. Traders now have the Bank of England and Federal Reserve to contend with.
Pound Sterling fell sharply as results from the U.S. election suggested Donald Trump and his Republican Party were on course for victory.
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