British Pound Trades Near Three-Month Top as Fading Fed Hike Bets Weigh on USD
GBP/USD drew dip-buyers early in the week and climbed above the mid-1.3500s during Asian trading, moving closer to a three-month high as reduced Fed tightening bets pressured the dollar.
GBPUSD
Cable attracted dip-buyers at the start of the new week and advanced above the mid-1.3500s during the Asian session, leaving the pair close to the over three-month high touched earlier.
The pound’s strength reflects fading expectations for additional Federal Reserve rate hikes, which has undermined the US dollar and supported GBP/USD momentum.
Source: FXStreet Forex News