The GBP/USD oscillates at around 1.2108 after the US Federal Reserve (Fed) decided to keep rates unchanged at the 5.
GBP/USD oscillates around 1.2120 following the Federal Reserve's decision to keep rates unchanged. Fed acknowledges steady economic activity but emphasizes commitment to returning inflation to 2% target. Traders bet on the end of Fed rate hikes, with first-rate cuts eyed at June 2024. 25% - 5.50% range and said it is prepared to adjust its policy stance “as appropriate.” Federal Open Market Committee monetary policy statement The Fed’s decision was unanimously approved.
GBP/USD Reaction to the Fed’s decision So far, the GBP/USD failed to gain traction, as it seems traders are awaiting Jerome Powell’s press conference, at around 18:30 GMT. However, initial support is seen at the November 1 low at 1.2095 before extending towards the October 26 low of 1.2069. Key resistance is at 1.2164 before advancing towards the October 31 swing high at 1.2200. GBP/USD Overview Today last price 1.2114 Today Daily Change -0.0039 Today Daily Change % -0.32 Today daily open 1.
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