However, USD weakness would likely be short-lived.
The pound to dollar exchange rate (GBP/USD) can rise before coming under pressure again over the coming days as U.S. data risks beating expectations.
The U.S. dollar advanced to multi-week highs as investors pared back expectations for Federal Reserve rate cuts following a run of stronger-than-expected US data.
We drill into the reasons why the dollar surged against the pound, euro and all other contenders in recent hours.
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