GBP Gains Momentum: Sterling Nears Weekly High Amid Dovish Federal Reserve Outlook
GBP/USD is nearing weekly highs as dovish signals from the Federal Reserve weaken the US Dollar. With markets pricing in a slower pace of Fed tightening and the Bank of England maintaining a cautious stance amid persistent UK inflation, the Pound gains ground. Analysts watch the key 1.25 level for signs of further momentum.
Original article credit: Currency News, source at currencynews.co.uk
