GBP/USD surged during the North American session on Wednesday, breaking past the significant 1.3300 threshold. This rally was driven by growing speculation that Kevin Hassett, the White House economic adviser, may succeed Jerome Powell as the next Federal Reserve Chair. Traders interpreted this potential shift as a signal for a more dovish monetary policy stance from the Fed.
As the market adjusted its expectations, the exchange rate reflected heightened confidence in a softer approach to interest rates, prompting increased buying of the GBP against the USD. The speculation around Hassett's nomination not only influenced the GBP/USD currency pair but also had broader implications for market sentiment regarding U.S. monetary policy in the coming months.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-03 15:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.