The GBP/USD climbed to an intraday high of 1.2192 on Thursday after softer comments from Federal Reserve (Fed) Chairman Jerome Powell landed heavy on the US Dollar (USD), taking the broad Dollar Index (DXY) down and giving the Pound Sterling (GBP) a much-needed boost, extending a rebound from the day's early lows near 1.2090. Fed head Jerome Powell struck a notably muted tone in his appearance at the Economic Club of New York. Chair Powell discussed the relative strength of the US economy moving forward, as well as nodding to the fact that pressure on the Fed to raise rates further appears to be easing, sending the ... (full story)