GBP/USD snaps losing streak as fresh Greenback weakness reverses market flows

  • GBP/USD saw renewed gains on Wednesday, snapping an eight-session losing streak as Cable bidders pump the brakes on an extended backslide. The Greenback took a fresh hit from souring broad-market sentiment after President Donald Trump ramped up his attacks on Federal Reserve (Fed) Chair Jerome Powell, and investors may be getting worried about the Fed's political independence.