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Pound hits 2021 high against dollar as Trump eyes new Fed boss

AFP by AFP
June 26, 2025
in Breaking News
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The dollar deepened losses against the pound Thursday after President Donald Trump lined up candidates to succeed Federal Reserve boss Jerome Powell, fuelling bets of cuts to US interest rates.

The British currency climbed to $1.3765, the highest level since October 2021, while the greenback fell also against the euro.

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© Agence France-Presse

Tags: currencydollarforexmarket
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AFP, or Agence France-Presse, is a major international news agency headquartered in Paris, France. It is one of the world's oldest news agencies, founded in 1835. AFP provides news coverage in various formats, including text, photos, videos, and graphics, in multiple languages. The agency operates with a global network of journalists and regional hubs, aiming to deliver impartial and verified news worldwide.

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