GBP/USD looks upward after Fed Meeting Minutes show growing caution

The Federal Reserve’s (Fed) latest Meeting Minutes from the Federal Open Market Committee’s (FOMC) rate meeting on May 6-7 revealed that the Fed’s wait-and-see approach has deep roots. Policymakers at the latest Fed meeting noted that the US Dollar’s (USD) safe-haven status has taken a hit recently. They cautioned that a more “durable shift” in the Greenback’s status could have lasting impacts on the US economy. Read More…

Pound Sterling drops despite traders reassess BoE dovish bets

The Pound Sterling (GBP) underperforms its peers during European trading hours on Wednesday. The British currency takes a breather after a sharp rally in the past few trading days as investors seek fresh cues on whether the Bank of England (BoE) will cut interest rates again at its June policy meeting. Read More…

GBP/USD Price Forecast: Keeps bullish vibe, first upside target emerges above 1.3550

The GBP/USD pair attracts some sellers to around 1.3480 during the Asian trading hours on Wednesday. The Greenback strengthens against the Pound Sterling (GBP) on the encouraging economic signs in the United States (US). Read More…