GBP/USD Drops to 1.3450 as USD Strengthens on Hawkish Fed Pause
GBP/USD fell to around 1.3450 during Asian trading on Friday, snapping a three-day winning streak as the US dollar drew support from a hawkish Federal Reserve hold and internal policy committee divisions.
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The pound reversed course after three consecutive daily gains, with GBP/USD trading near 1.3450 in the Asian session on Friday. The decline came as the greenback found fresh demand.
The US dollar strengthened following a hawkish pause by the Federal Reserve. Markets also focused on an apparent split within the FOMC over the policy outlook, which added to the dollar’s appeal.
No major UK data releases drove the move, leaving the pair driven primarily by renewed USD momentum.
Source: FXStreet Forex News