Pound Sterling trades cautiously against USD, Fed-BoE policy decision looms large

The Pound Sterling (GBP) trades cautiously to near 1.3370 against the US Dollar (USD) during North American trading hours on Wednesday. The GBP/USD pair faces slight pressure, while the USD consolidates ahead of the Federal Reserve (Fed) monetary policy announcement at 18:00 GMT, in which the central bank is almost certain to keep interest rates steady in the current range of 4.25-4.50%. Read More…

GBP/USD Price Forecast: Slides to mid-1.3300s amid some USD buying ahead of Fed decision

The GBP/USD pair attracts some sellers during the Asian session on Wednesday and erodes a part of its weekly gains registered over the past two days, to the 1.3400 mark. The intraday slide is sponsored by a modest US Dollar (USD) strength and drags spot prices below mid-1.3300s in the last hour. Read More…