Hawkish Fed Sparks GBP/USD Slide: Three Consecutive Days Below 1.32 Amid Dollar Strength
Following the Fed’s hawkish stance, GBP/USD has fallen below 1.32 for the third straight day. Elevated US Treasury yields and risk aversion are strengthening the dollar, while mixed UK economic data and Brexit uncertainties weigh on the pound. Market watchers anticipate further volatility as rate hike expectations evolve. Credit: VT Markets
