US Dollar touches one-year high, Pound slips on BoE hold

US Dollar touches one-year high, Pound slips on BoE hold

Here is what you need to know on Friday, June 19: The US Dollar Index (DXY) firmed near 100.80 on Thursday, a level it hadn’t seen since May 2025, after the Federal Reserve (Fed) left interest rates unchanged in the 3.50%-3.75% range in Kevin Warsh’s first policy meeting as Fed Chair on Wednesday. The Fed […]

British Pound slips as BoE holds rates, Fed’s cautious stance supports Greenback

British Pound slips as BoE holds rates, Fed’s cautious stance supports Greenback

The GBP/USD pair trades near a two-month close to the 1.3210 level on Thursday as the Pound Sterling (GBP) struggles to gain traction after the Bank of England (BoE) left interest rates unchanged at 3.75%, while the US Dollar (USD) remains supported by the Federal Reserve’s (Fed) cautious policy message. The BoE voted 7-2 to […]