The GBP/USD barely moved after the Federal Reserve (Fed) cut rates by 25 basis points (bps) to the 4.50%—4.75% range.
GBP/USD holds at 1.2963 after Fed 's unanimous 25 bps rate cut. Fed acknowledges solid growth and easing labor conditions; inflation remains “somewhat elevated.” Powell’s upcoming remarks could signal Fed ’s stance on future easing amid balanced risks. The GBP/USD barely moved after the Fed eral Reserve cut rates by 25 basis points to the 4.50%—4.75% range. At the time of writing, the pair is at 1.2963, up 0.64%, as traders brace for Fed Chairman Jerome Powell's press conference.
Price Chart – Daily The pair barely moved, though it remained below the confluence of the 20- and 100-day Simple Moving Averages at 1.2982-87. Powell's hawkish message could push the GBP/USD lower, first to 1.2950, ahead of the 1.2900 figure. On the other hand, the GBP/USD could test the daily high at 1.3009. British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the US Dollar.
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