GBP/USD surged to 1.2700, a month-high, driven by a weaker US dollar after Fed Chair Powell reassured no imminent rate hike and softer US inflation data.
Stubborn US inflation reinforces need for Fed's cautious approach, IMF says thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
The U.S. economy still hasn’t slowed to the Federal Reserve’s satisfaction, so don’t expect the Fed to cut interest rates at its June meeting, said Ryan Loy, extension economist for
Pound US Dollar Plummets On Disappointing UK Employment Data exchangerates.org.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exchangerates.org.uk Daily Mail and Mail on Sunday newspapers.
Consumer Prices Cool Slightly in April, a Welcome Sign for the Fed and Wall Street usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.