Sterling pushed just under 0.1% higher versus the dollar to 1.2727 as a six-week election campaign begins before polling day on 4 July.
The U.S. dollar handed back some of the previous session’s gains Thursday, but remained near a one-week high after the release of hawkish minutes from the last Federal Reserve meeting suggested U.S. interest rates would remain elevated for some time. The minutes of the Fed’s late-April meeting showed policymakers were growing increasingly concerned over sticky inflation, with some Fed officials talking about potentially raising rates further to bring down inflation. Several Fed officials have subsequently cautioned about inflation levels in speeches following the gathering.
Investing.com-- Most Asian currencies kept to a tight range on Thursday and were nursing overnight losses as the minutes of the Federal Reserve’s recent meeting boosted the dollar amid growing concerns over higher-for-longer interest rates.
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