**GBP/USD Gets Whiplashed: Unpacking the Fed’s ‘Pump and Dump’ and Future Outlook**
The Pound surged briefly against the Dollar after the Fed’s June meeting, sparked by hopes of a dovish stance. But as details emerged showing fewer rate cuts and a ‘higher for longer’ rates outlook, the rally reversed sharply—a classic ‘pump and dump’ in GBP/USD. Market positioning and algorithm-driven flows amplified the whipsaw. The outlook points to ongoing volatility as traders digest Fed signals and economic data.
