GBP/USD exchange rate fluctuated and closed near 1.31218 amidst anticipation of Federal Reserve and Bank of England announcements, affecting future price swings.
The GBP/USD exchange rate fluctuated between 1.30000 and 1.32000, closing near 1.31218 after a volatile week. Traders anticipate further price swings due to the upcoming U.S. Federal Reserve and Bank of England announcements. Economic data, including U.K. inflation reports, may influence GBP/USD buying. A dovish Fed could strengthen the pound, while a neutral stance may lead to increased volatility. Analysts suggest a bullish trend but caution about uncertainties surrounding rate cuts.
September 15, 2024
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