The Pound US Dollar (GBP/USD) exchange rate soared to a 15-month best last week, as elevated Bank of England (BoE) and a bullish market mood boosted the pairing. At the time of writing, GBP/USD traded at around US$1.3104, down just over 0.2% from Friday’s opening rates. Pound (GBP) Exchange Rates Soar amid Escalating BoE Bets Monday saw the Pound (GBP) soften, as a lack of data releases prevented Sterling from finding a catalyst for movement. Stronger than forecast wage growth then catapulted the Pound on Tuesday, as investors began to bet on further tightening from the Bank of England. While unemployment may have ... (full story)