The Pound Sterling (GBP) strengthens against the US Dollar (USD) and rises to near 1.2760 in Thursday’s European session.
The Pound Sterling performs strongly against the US Dollar as the US labor market loses momentum. Investors expect the Fed to begin lowering interest rates in September. Economists expect that the Starmer-led Labor Party will gain an absolute majority. The Pound Sterling strengthens against the US Dollar and rises to near 1.2760 in Thursday’s European session. The GBP/USD rises amid growing speculation that the US Fed eral Reserve will start reducing interest rates from the September meeting.
19% -0.11% JPY 0.21% 0.17% 0.26% 0.16% 0.04% 0.04% 0.17% CAD 0.04% 0.02% 0.10% -0.16% -0.11% -0.10% 0.01% AUD 0.14% 0.11% 0.21% -0.04% 0.11% 0.01% 0.13% NZD 0.17% 0.14% 0.19% -0.04% 0.10% -0.01% 0.12% CHF 0.03% -0.03% 0.11% -0.17% -0.01% -0.13% -0.12% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.
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