GBP/USD hits multi-year high after dovish Powell comments

The GBP/USD pair rose sharply during the North American session after Federal Reserve Federal Reserve Chairman Jerome Powell gave the green light to a rate cut, expressing confidence that inflation is approaching the central bank’s 2% target. The pair traded above 1.3200, around a fresh two-year high, gaining more than 1%. Read more…

The British pound (GBP) extended its winning streak to a seventh straight session against the US dollar (USD) on Friday. The GBP/USD pair hit a two-year high of 1.3200 as the US dollar slipped towards its lowest level since the start of the year after dovish guidance on interest rates from the Bank of England. Federal Reserve (Federal Reserve) Chairman Jerome Paul At the Jackson Hole (JH) Symposium. Read more…

The GBP/USD pair is trading in positive territory for the seventh consecutive day near the 1.3105 level during the early European session on Friday. Investors’ confidence that the US will continue to support global economic growth has been boosted. Federal Reserve The US central bank is set to begin easing monetary policy at its next meeting in September, which continues to undermine the US dollar broadly. Read more…