The British pound pares a slight decline against the dollar after the greenback rebounds from a 30-day low triggered by intervention.
The British pound held near 1.3458 against the dollar, retreating 0.02% as the greenback recovered from Thursday’s intervention-driven selloff. The US Dollar Index (DXY) had fallen to a 30-day low before staging a rebound, easing pressure on the pound.
Prior to the intervention, the DXY had strengthened amid shifting expectations for Federal Reserve policy. The pound’s resilience followed a period of volatility as traders assessed the impact of currency market interventions on broader dollar trends.
Market reaction remained muted, with GBP/USD trading virtually unchanged as investors awaited further signals on monetary policy and intervention risks.