GBP/USD rises to 1.2643, driven by BoE Governor's positive outlook on UK economy and policy shifts.
BoE's balanced view on inflation and rates boosts optimism, suggesting possible rate reductions amid employment achievements.
US Leading Index and imminent FOMC minutes expected to offer more insights for GBP/USD in light of worldwide economic adjustments.
The Pound Sterling rose against the US Dollar in the mid-North American session as US traders got back to their offices. Reasons like the Bank of England (BoE) Governor Andrew Bailey stating that Britain’s economy could fare better than expected propelled the GBP/USD pair up. At the time of writing, the major exchanges hands at 1.2643, up 0.40%.
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