Pound Sterling Pulls Back Amidst Rising US Dollar

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The Pound Sterling has experienced a decline, with the GBP/USD pair falling below the 1.3150 level. The US Dollar has gained strength, supported by the stronger-than-expected US PCE inflation data and a potential slowdown in the Federal Reserve’s pace of interest rate cuts. The Bank of England’s (BoE) cautious stance on interest rate cuts and […]