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Anticipation mounts as the Fed holds interest rates steady at 5.50%, setting the stage for potential shifts in EUR/USD and GBP/USD dynamics.
US Fed is anticipated to hold rates steady in its 5.25%–5.50% range for the sixth straight meeting on Wednesday.
On the other hand, if the pair edges above the 200-DMA that would pave the way for testing 1.2600. Once surpassed, key resistance levels emerge. The 50-DMA is up next at 1.2619, followed by the ...
The GBP/USD price analysis reveals a mild bullish sentiment continuing from last week's momentum with focus on the FOMC.
Pound Sterling (GBP) extended it gains against the US Dollar (USD) amid a risk-positive start to the week. The Pound (GBP) trended broadly higher on Monday as the upbeat market mood supported the ...