The British pound has stabilized on Friday, after declining more than 1% a day earlier. In the European session, GBP/USD is currently trading at 1.2406, up 0.16% on the day.
The US economy is in solid shape, so much so that the Federal Reserve has lowered its rate cut projection for 2025 to just two rate cuts, compared to four rate cuts in the September forecast.
03-01-2025 06:48 GMT
by Kenneth Fisher