Neutral
GBP/USD remains near 1.3470 after Federal Reserve's 25 basis point rate hike.
The GBP/USD exchange rate has stabilized around 1.3470 following the Federal Reserve's decision to raise interest rates by 25 basis points, marking the first increase since 2023. This move has provided support to the US Dollar, keeping the GBP/USD pair near recent lows.
Key points
- Federal Reserve raises interest rates by 25 basis points to 3.75%-4.00%.
- GBP/USD remains near 1.3470 after the rate hike.
Sources
AI-generated from public news sources. Not financial advice.
