GBP/USD Analysis: Sterling Plummets After BoE and Fed Decisions
The GBP/USD exchange rate has dropped significantly, reaching its lowest level since May 2024 amid a robust US dollar index. The currency pair fell to a low of 1.2497, considerably lower than this year’s peak of 1.3430. This decline follows the latest interest rate decisions from both the Federal Reserve and the Bank of England (BoE), which have shaped market expectations. As Sterling faces pressure, traders are reassessing their positions and outlook for the currency, navigating the challenges that lie ahead.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]