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Friday, May 19, 2023

Pound US Dollar Exchange Rate News: GBP/USD Climbed as Markets Brace for Fed Interest Rate Decision

US Dollar (USD) Undermined by Expectations of Final Rate Hike The US Dollar (USD) struggled for demand, despite expectations of a 25bps interest rate hike at the Federal Reserve policy meeting late on Wednesday. But with many believing it to be the final rate hike before a pause, the ‘Greenback’ lost demand. Jim...

* This article was originally published here

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