GBP/USD gathers strength for more upside above 1.2450 as Fed to pause policy-tightening spell GBPUSD BOE Fed Inflation SEO
se in the policy-tightening spell amid tight credit conditions by the United States regional banks. The US Dollar Index is hovering near its day’s low around 103.00 as fears of a default by the US Treasury are escalating.
The USD Index is expected to remain on the tenterhooks as any further delay in raising the US borrowing cap limit would push the US economy further toward recession. The demand for US government
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