GBP/USD prints fresh 2020 highs as Fed pushes dollar lower

GBP/USD price surged above the $1.33 handle for the first time in 2020 as the dovish message from the U.S. Federal Reserve sent the greenback lower. Fundamental analysis: New inflation policy from the Fed  The U.S. dollar plunged sharply on Friday against a basket of currencies, largely due to lower U.S. interest rates outlook, while the Japanese Yen climbed on news that Prime Minister Shinzo Abe will resign. The JPY managed to recover some ground after Abe, the longest-serving PM in Japan, resigned due to health issues. In the States, investors were focused on the message from the Fed’s Chair