The Federal Reserve did not begin raising its interest rate target, which had been at 0.0-0.25%, until March 2022. A 25-basis point hike then was followed by a 50-bp increase in May, four successive 7
The Pound Sterling (GBP) registered lackluster moves on Wednesday as investors await monetary policy decisions from both the US Federal Reserve (Fed) and the Bank of England (BoE).
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