The GBPUSD pair breached the 1.3900 price handle giving investors a move from the comment made by the US FOMC.
GBP/USD is holding bid around comments from Fed’s chair Powell despite the Fed’s hawkish hold statement. Powell is presenting the US economic recovery higher, supporting prospects for tapering, yet the dollar is softer. GBPUSD breached 1.3900 during the conclusion of the two-day Federal Open Market Committee meeting with what appears to be some ‘temporary’ US dollar weakness playing out. The statement has been released and Fed’s chairman, Jerome Powell, is currently speaking at a press conference.
Today the most important figure to watch is the US Advance GDP which is the first GDP figure released and is bound to give analysts and investors some wanted volatility.
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