GBP/USD rallies on resurgence of Fed rate cut hopesGBP/USD rallied on Wednesday, clipping into a four-week peak after broad-market expectations of future rate cuts reignited following Federal Reserve (Fed) Chairman Jerome Powell's wrap-up of the two-day Semi-Annual Monetary Policy Report.
Source: GBP/USD rallies on resurgence of Fed rate cut hopes (https://www.fxstreet.com/news/gbp-usd-rallies-on-resurgence-of-fed-rate-cut-hopes-202407102330)