From Investing.com: 2025-06-26 04:56:00

The USD falls to a multi-year low as Trump considers naming Powell’s replacement, boosting GBP/USD to a 3.5-year high of 1.3750. The potential shift in Fed policy path raises concerns over interest rates. Federal Reserve Chair Jerome Powell expresses worries about tariffs leading to higher inflation, hinting at possible rate cuts. Meanwhile, the UK labor market shows signs of slowing down, with job cuts and wage growth decline reported. Attention shifts to US data release and Bank of England speakers, including Governor Andrew Bailey. DAX rises cautiously higher as Middle East tensions ease, while German consumer confidence slips to -20.3.



Read more at Investing.com: GBP/USD Hits Multi-Year High as Fed Independence Faces Doubt and Ceasefire Holds