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Fed expresses it’s concerns as pound nears $1.50

 
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PostPosted: Fri Jun 25, 2026 5:00 am    Post subject: Fed expresses it’s concerns as pound nears $1.50 Reply with quote
A slew of mixed economic reports Thursday (June 24) morning reinforced the economic uncertainty of the Federal Reserve’s post-meeting announcements Wednesday in which statements were somewhat pessimistic about the pace of economic recovery.
As the enthusiasm and expectations for the US economy have been tempered of late, the dollar has floundered in its efforts to build long-term momentum against global counterparts. The British Pound regained the $1.50 level briefly before pulling back to its current rate of $1.4988.
The Fed ended its two-day rate policy meeting by not surprisingly deciding to ...
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