Though the recently pressured US dollar was on the rebound on Thursday, British pound strength helped boost GBP/USD to extend its rise towards a retest of its late-March highs above 1.4240. The dollar’s rebound on Thursday was driven in part by Wednesday’s release of relatively hawkish minutes from the last FOMC meeting in March, which indicated a nearly unanimous outlook by Fed members for higher US growth and interest rates going forward. Sterling’s rise on Thursday, however, eclipsed the dollar rebound, extending the recent GBP/USD push towards January’s 1.4300-area post-Brexit-referendum highs. Thursday’s pound ... (full story)