GBP/USD Resumes Upside Near 1.2800 On Mixed US Data, Fed Rate Cut Expectation
June 05, 2024 at 21:20 PM EDT
The GBP/USD pair resumes upside near 1.2790 despite the rebound of US Dollar. Traders started to price in two interest rate cuts by the Fed this year as the US economy grew at a slower pace in the first quarter than projected earlier.
