Author: Euronews

The British pound surged to its highest level against the US dollar given the Bank of England’s less dovish stance compared to that of the Federal Reserve at the Jackson Hole Symposium on Friday. ADVERTISEMENTThe British pound soared against other currencies in the G-10 group on Friday following the Jackson Hole Symposium, a conference in Wyoming hosted by the Federal Reserve (Fed) to discuss central banking policies.The pound surged against the US dollar, reaching above 1.32, the highest level since March 2022. It rose against the euro to over 1.18, a three-week high. Fed Chairman Jerome Powell signalled a likely rate…

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