British Pound Holds 1.3400 as Fed Decision Looms
The British Pound holds above 1.3400 on Tuesday as the US Dollar recovers ground, with geopolitical tensions easing after the US-Iran peace agreement. GBP/USD trades with minimal losses ahead of the Federal Reserve's policy decision.
GBPUSD
The British Pound remains resilient above the 1.3400 level against the US Dollar on Tuesday.
Despite a modest recovery in the greenback, the pair is trading with minimal losses. The easing of geopolitical tensions following the US-Iran peace agreement has provided some support for risk sentiment.
Traders are now focusing on the Federal Reserve's upcoming decision, which could set the near-term direction for the currency pair.
Source: FXStreet Forex News