Forex Market Update : Epic Research Singapore

The pound jumped against the dollar Thursday as the Federal Reserve’s silence on when it could raise interest rates bolstered views that U.K. rates are likely to rise before those in the U.S.

The pound GBPUSD +0.05%   shot up to $1.7038 from $1.6991 late Wednesday, topping $1.70 for the first time since October 2008.

The ICE Dollar Index DXY -0.10%  , which pits the greenback against six rivals, inched down to 80.327 from 80.380 late Wednesday. The WSJ Dollar Index XX:BUXX -0.09%  , an alternate measure of dollar strength, was at 73.05 versus 73.07

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