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Pound steadies on dollar rise outlook
The British Pound stabilized today amid expectations of an increase against the dollar in the upcoming period, while global currencies experienced sideways movements due to the U.S. Treasury Department's intervention to support a weak dollar trading environment and a rise in risk appetite. The Federal Reserve announced an increase in bond repurchase operations, leading to a decline in long-term Treasury yields and expectations of further dollar weakness, with forecasts suggesting the GBP/USD pair could reach 1.40 by the end of 2026. Market analysis also indicates that the likelihood of the Federal Reserve tightening monetary policy has diminished, supporting the fading strength of the dollar and boosting the performance of emerging market currencies and commodity-related currencies.
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