Pound Strengthens Above 1.3530 as Fed Hawkish Bets Fade
GBP/USD rose 0.35% to near 1.3533 in European trading as market participants scaled back hawkish Federal Reserve expectations.
GBPUSD
The British pound advanced against the US dollar during the European trading session, changing hands near 1.3533. That represented a 0.35% gain for GBP/USD.
Sentiment shifted as traders priced out some hawkish Federal Reserve expectations, reducing demand for the dollar and supporting the pound.
Source: FXStreet Forex News