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Pound climbs to 7-month high as Trump’s Fed comments weaken dollar; analysts forecast GBP/USD path
- Sterling extends winning streak to 11 sessions, hits $1.342 against dollar.
- Trump’s attacks on Fed intensify, raising market concerns over central bank independence.
- UK inflation data and global trade tensions cloud BoE rate outlook.
The British pound continued its winning streak on Tuesday, climbing to $1.342 against the US dollar—its strongest level since September. Sterling has risen against the dollar for the last 10 days, gaining around six cents since early April. If it posts an 11th gain today, it’ll be the longest run of daily rises since 1971, Bloomberg said. […]
April 22, 2025
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