GBP/USD hits near 4-year high as Trump eyes Powell successor, Dollar sinks

  • The Pound Sterling advances to near four-year highs against the US Dollar on Thursday, as breaking news revealed by the Wall Street Journal (WSJ) suggests that US President Donald Trump might name Jerome Powell's successor to the Federal Reserve Chair in October and September. At the time of writing, the GBP/USD trades at 1.3746, up 0.61%.