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GBP/USD Falls as Central Bank Speculation Weighs on Rate Hike Bets

Guavy AI Editorial Team
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USD GBP
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The Pound-Dollar exchange rate slipped on Thursday as central bank speculation took center stage.

The GBP/USD pairing crawled up from its eight-day low of $1.3572 to trade at $1.3580, but remained down on the day.

Investors are keeping a close eye on Federal Reserve interest rate expectations, with Fed Chair Kevin Warsh's speech at the Jackson Hole symposium on Friday potentially fueling further bets on a hike in rates.

The recent decline in global oil prices has decreased the likelihood of an interest rate hike from the Bank of England, putting modest pressure on the Pound.

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