GBP/USD Edges Higher as Dollar Wavers Before Fed Decision
GBP/USD advanced to around 1.3300 during Asian trading on Wednesday, gaining as the US dollar struggled ahead of the Federal Reserve's upcoming policy announcement.
The pound sterling edged higher against the dollar after a flat previous session, rising toward the 1.3300 handle in Wednesday’s Asian hours. The move came as the greenback weakened in anticipation of the Federal Reserve’s latest monetary policy decision.
Market participants are closely watching the Fed for signals on future rate moves, which could further influence the dollar’s near-term direction. The pound has drawn support from relative stability in UK economic expectations.
Trading remained cautious ahead of the announcement, with the pair consolidating near recent levels.
Source: FXStreet Forex News