GBP/USD is under pressure at the start of the new week, and we will watch for key support levels to be tested in the coming days.
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.