Dollar softens as Powell signals rate cut in September
Stocks in London ended the week higher on Friday, while unambiguously dovish remarks from US Federal Reserve Chair Jerome Powell propelled the pound to a 29-month high against the dollar.'The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks,' Powell said in a speec