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28 Aug 2026 · 18:00 GMT+3

British Pound tumbles as Warsh revives Fed hike bets

The Pound Sterling (GBP) tumbles versus the US Dollar (USD) on Friday as Federal Reserve (Fed) Chair Kevin Warsh put inflation as the priority at the Fed, increasing the likelihood of an interest rate hike next month. The GBP/USD trades at 1.3538, down 0.40%.

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