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GBP/USD Tumbles Below 1.3550 on Hawkish Fed Remarks and Geopolitical Tensions

Guavy AI Editorial Team
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The GBP/USD pair has declined below 1.3550 due to hawkish remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium.

Warsh stated that with inflation 'running above our 2 percent target, the Fed's predominant focus right now should be ''that underlying inflation is moving to our objective, clearly, and at sufficient speed … otherwise, we have work to do.''

The US Dollar edged higher against the British Pound amid ongoing Middle East tensions following a threat from US President Donald Trump to forcefully strike Iran.

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