GBP/USD is set to finish the week with gains of around 0.40%.
Federal Reserve officials remained committed to curbing inflation to its 2% target.
Mixed economic data in the UK, a headwind for the GBP/USD, despite expectations for a Fed rate cut in 2023.
GBP/USD finished the week on a lower note after it reached 1.234, the high of the week, but retreated as sentiment dampened. On Friday, the GBP/USD is trading at 1.2228, retracing 0.47% at the time of typing.
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