GBP/USD benefited from the improving risk mood and advanced to 1.
GBP/USD Forecast: Fed tone to trigger next directional movement 2200 during the European trading hours on Tuesday. The renewed US Dollar strength in the second half of the day, however, forced the pair to retrace its daily advance. Early Wednesday, the pair fluctuates in a tight channel at around 1.2150 as investors gear up for the Federal Reserve's policy decisions.Read more... GBP/USD remains on the defensive below 1.
Market players await the highly anticipated Federal Open Market Committee policy meeting on Wednesday ahead of the Bank of England on Thursday. These events might trigger the volatility in the market. GBP/USD currently trades near 1.2139, losing 0.11% on the day.Read more... GBP/USD Overview Today last price 1.2135 Today Daily Change -0.0018 Today Daily Change % -0.15 Today daily open 1.2153 Trends Daily SMA20 1.2183 Daily SMA50 1.2329 Daily SMA100 1.2562 Daily SMA200 1.
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