The British pound is trading flat against the US dollar in the countdown to the FOMC minutes
The British pound is trading steady around 1.3500 against the US dollar during the European trading session on Tuesday, close to its highest level in more than three months at 1.3535 hit last week. GBP/USD is consolidating as the US dollar fluctuates ahead of the release of the December Federal Open Market Committee (FOMC) meeting minutes, which will be published late in the New York session.
At press time, the US Dollar Index (DXY), which tracks the value of the dollar against six major currencies, is trading flat around 98.00. Investors are awaiting the minutes of the Federal Open Market Committee meeting for detailed signals on policymakers’ views on the monetary policy outlook. Read more…
GBP/USD at key resistance. Metals are witnessing a broad sell-off but may bounce back [Video]
US stocks are bullish – cautiously. EUR/USD to 1.1900? GBP/USD at key resistance. JPY pairs are still bullish but extended. Broad sell-off in metals but may bounce back. Read more…
