Pound to Dollar Rate In a Gallant Rebound
- Category: USD
Pound Sterling is swimming against the tide and attempting a rebound against the Dollar following the Federal Reserve's 'hawkish' policy update.
The Dollar rose across the board after the Federal Reserve cut interest rates by 25 basis points but signalled the end of a run of consecutive cuts.
GBP/USD exchange rate looks set to carve out a shallow rebound in the coming days, but this mustn't be mistaken for strength.
The Dollar retreated from earlier highs after U.S. inflation met expectations.