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Originally published by Capital Businessbusiness
June 26, 2025
3mo ago
Pound hits near 4-year high as Trump rattles dollar
JUNE 26 - The pound briefly hit its highest level against the dollar for almost four years after markets were unnerved by a report that US President Kenya breaking news | Kenya news today |..
✨ Key Highlights
The pound rose to its highest level against the dollar in nearly four years, reaching above $1.37, following news that President Donald Trump might expedite the appointment of a new head for the US Federal Reserve.
- $1.37: The pound's highest level against the dollar since October 2021.
- Jerome Powell: Current Fed chair, facing criticism from Trump.
- Concerns rise over potential successors who may align with Trump's economic views, impacting the Fed's independence.
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