GBP/USD surges to 15-month peak at 1.3000 amid easing US inflation – by christianborjon GBPUSD Currencies Majors
GBP/USD pair skyrockets to a 15-month high as cooling US inflation data curtails Dollar’s strength.
GBP/USD advanced sharply and touched a new 15-month high at 1.3000 during the North American session as data revealed before Wall Street opened showed the Consumer According to the CME FedWatch Tool, there is a high probability of 92.4% for a 25 basis points rate increase in the upcoming July meeting. However, the likelihood of additional interest rate hikes has diminished significantly, falling below 30%.
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