Pound Edges Higher as Warsh Testimony Reassures Currency Markets on Fed Independence
Sterling and the euro posted modest gains on Wednesday as currency markets responded positively to Federal Reserve Chair nominee Kevin Warsh’s Senate testimony, which provided reassurance on central bank independence without triggering major shifts in interest rate expectations. As of 07:55 GMT, GBP/USD climbed 0.16% to 1.3525, trading within a session range of 1.3498 to…
