"GBP/USD Soars as UK Wage Growth Hits Record High, Dollar Plummets"

The US dollar weakened to a two-month low after Federal Reserve officials hinted at the end of its tightening cycle, while the pound reached a 15-month high due to strong wage growth. The comments from Fed officials reduced expectations of further interest rate hikes, causing the dollar to decline. Meanwhile, the pound rallied on the back of a stronger economy and expectations of tighter Bank of England policy. The yen also gained, surpassing 141 per dollar for the first time in nearly a month, while the euro rose slightly. Investors are now awaiting US consumer prices data to gauge the Fed's progress in combating inflation.