Pound Sterling Price News and Forecast: GBP/USD soars toward 1.34 as traders question Fed’s independence

FXStreet Team FXStreet

GBP/USD soars toward 1.34 as traders question Fed’s independence

The Pound Sterling (GBP) rallies sharply by over 0.70% on Monday as investors grew distrustful of United States (US) policymakers after White House Economic Adviser Kevin Hassett stated that President Donald Trump is seeking ways to sack Federal Reserve (Fed) Chair Jerome Powell. Consequently, traders penalize the Greenback, pushing GBP/USD close to the 1.3400 figure. Read More...

GBP/USD soars above 1.3400 as threat to Fed’s independence batters US Dollar

The GBP/USD pair rallies to near 1.3400 during European trading hours on Monday, the highest level seen in seven months. The Cable strengthens as the US Dollar (USD) has been battered by the threat to the Federal Reserve’s (Fed) independence after United States (US) President Donald Trump. Read More...

GBP/USD Price Forecast: Rises toward 1.3400 barrier near seven-month highs

The GBP/USD pair continues its winning streak that began on April 8, trading around 1.3370 during the Asian hours on Monday. Daily chart technical analysis points to a continued bullish trend, with the pair advancing within an ascending channel pattern. Read More...

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