Ella 
GBP/USD rose to 1.2639 on speculation that the Federal Reserve could cut interest rates in June.
Federal Reserve officials expressed inconsistent views on the direction of policy, leading to the dollar’s sluggish performance.
British economic indicators and hints from the Bank of England governor of an interest rate cut set the stage for a cautious market outlook.
The market speculated that the Federal Reserve would cut interest rates in June, and GBP/USD rebounded modestly during the U.S. session. At press time, GBP/USD was trading at 1.2639, up 0.32%.
The pound/dollar fluctuated higher as the outlook for the Federal Reserve’s policy was unclear and the Bank of England was expected to cut interest rates, triggering shocks in the currency market.
U.S. economic data failed to boost the dollar, which was choppy against most G7 currencies. Three Fed officials spoke, with Bostic and Cook advocating for a cautious approach and emphasizing the risks of easing policy too early, while Goolsby, while also cautious, argued that until there is clear evidence of a pullback in inflation, There is still room for more radical measures.
