The Pound Sterling (GBP) has strengthened against the US Dollar (USD), trading 0.5% higher at approximately 1.3280 during the European session on Wednesday. This uptick is largely attributed to market speculation surrounding the potential appointment of Kevin Hassett as the new Federal Reserve Chair, which has raised concerns about a shift in US monetary policy.
As investors react to this news, the GBP/USD currency pair has shown increased volatility, reflecting a broader sentiment favoring the British currency. The exchange rate movements could signal continued bullish momentum for the Pound, especially if Hassett's policies lean toward a more dovish stance, impacting USD strength in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.