Forex
GBP/USD Strengthens on Healey's Growth Measures
The GBP/USD pair continued its upward trend on Wednesday, trading around 1.3550 during the early European session.
UK Chancellor John Healey's announcement of measures to encourage economic growth and private investment provided support to the British Pound against the US Dollar.
Healey unveiled plans to give city regions greater powers to attract private investment, as part of Prime Minister Andy Burnham's plan to devolve power away from central government.
The Bank of England is expected to hold its interest rate at 3.75% for the rest of the year and through at least mid-2027, according to a Reuters poll.