Pound Sterling Price News and Forecast: Falls as Fed holds rates steady, Powell to stay at Fed

GBP/USD falls as Fed holds rates steady, Powell to stay at Fed

GBP/USD maintains its negative intraday trend on Wednesday, remaining steady following the Federal Reserve’s (Fed) decision to keep interest rates unchanged at Jerome Powell’s final meeting as Fed Chair. As of this writing, the currency pair is trading near 1.3480, down 0.30%, as market participants await insights from Powell’s forthcoming press conference. Read More…

GBP/USD falls as US Dollar gathers strength ahead of Fed interest rate decision

The GBP/USD pair fell toward the 1.3480 price region on Wednesday as the US Dollar (USD) continued to gain strength ahead of the last Federal Reserve (Fed) interest rate decision led by Chair Jerome Powell. The broader strength of the Greenback is also aided by the United Arab Emirates’ (UAE) exit from OPEC, which is reviving safe-haven demand. Read More…

GBP/USD Price Forecast: Trades sideways around 1.3500 ahead of Fed-BoE rate decisions

The GBP/USD pair is broadly sideways around 1.3500 during the European trading session on Wednesday. The Cable consolidates as investors await monetary policy announcements by the Federal Reserve (Fed) and the Bank of England (BoE). Read More…