GBP/USD Falls as Fed Dot Plot Signals Hawkish Lean
The British pound slumped versus the dollar after the Federal Reserve held rates steady but its dot plot revealed a divided outlook, with half of policymakers projecting higher rates.
GBPUSD
The Federal Reserve left interest rates unchanged at its latest meeting, but the accompanying 'dot plot' revealed a hawkish tilt. Half of the 18 officials represented in the dots see rates moving higher, suggesting a divided central bank.
This outlook boosted the US dollar during the North American session, sending the GBP/USD pair (Cable) sharply lower. The British pound collapsed as the greenback strengthened on expectations of a more aggressive Fed stance.
Source: FXStreet Forex News