Fri, 03 Jan 2025 10:03:14 GMT
GBP/USD drops below 1.25000
GBP/USD currency pair has dropped to its lowest in over eight months, below 1.2500 against the US Dollar, as the USD gained strength due to expectations of growth from President-elect Trump's policies. These policies are expected to slow Federal Reserve rate cuts, supporting the USD. The Fed also predicts fewer rate cuts this year, with Federal Fund rates possibly reaching