GBP/USD Price Forecast: Drops Below 1.3100 As Fed Large Rate Cut Odds Wane
September 09, 2024 at 13:35 PM EDT
The GBP/USD begins the North American session down by over 0.30% on Monday as traders trim the chances of a 50-basis point Fed interest rate cut in ten days. At the time of writing, the pair trades at 1.3075 after reaching a high of 1.3143.
