Pound Sterling Price News and Forecast: GBP/USD holds lower ground near one-week low [Video]
|GBP/USD bears attack 1.1400 support on FOMC showdown, BOE’s “Super Thursday” eyed
GBP/USD holds onto post-Fed pessimism as it stays pressured around a seven-day low near 1.1400 during early Thursday morning in Asia. The Cable pair’s latest losses could be linked to the US Federal Reserve’s (Fed) rate action and Chairman Jerome Powell’s surprising press conference.
Gold, GBP/USD consolidate ahead of FOMC meeting [Video]
Markets were mostly consolidating on Wednesday, ahead of the latest Federal Reserve policy meeting. The Federal Open Market Committee (FOMC)is expected to increase interest rates by 75 basis points, despite some calls to pivot policy. GBPUSD slipped to a low of 1.1469 ahead of the rate decision.
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