The pound-dollar exchange rate rose to a new two-month peak at 1.3622 on Friday, the highest level since February 17.
Pound-Dollar Extends Slide Post-FOMC
- Category: USD
The Federal Reserve is divided on where to take interest rates next, deflating hopes for a number of rate cuts this year.
The Middle East conflict is said to be entering a 'cold war' phase, which raises market risks substantially.
Pound sterling wants to go higher against the dollar, but two central bank decisions will have their say this week.
