The British Pound (GBP) continues to climb, reaching
1.2480 during Thursday's European trading.
This rise in the GBP/USD pair is
fueled by a significant decline in the US Dollar and growing anticipation that
the Bank of England (BoE) will postpone any rate cuts until the November
session. Similar to the Federal Reserve (Fed), the BoE is anticipated to delay
its rate adjustments, easing concerns about policy differences between the two
central banks.
Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company.
