GBP/USD trades flat as Fed minutes approach, BoE signals dovish easing
GBP/USD is trading around 1.3460 on Tuesday at the time of writing, down 0.30% on the day. The pair is consolidating after failing to maintain the upward momentum seen last week, which took it to its highest level in more than three months near 1.3535. This pause reflects ongoing hesitation in the US Dollar (USD), as market participants remain cautious ahead of the release of minutes from the latest Federal Open Market Committee (FOMC) meeting. Read more…
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. Read more…
GBP/USD Price Forecast: Gaining momentum, first upward barrier appears near 1.3550
GBP/USD is trading with moderate gains around 1.3510 during the early European session on Tuesday. The British pound rose against the US dollar as the Bank of England (BoE) indicated that monetary policy will remain on a gradual downward path. Read more…
