As an instant reaction to the US FOMC Meeting Minutes, the GBP/USD pair has risen marginally, keeping above the daily low of 1.3753 established earlier in the day. The Committee aims to continue an accommodative monetary policy stance until inflation is significantly above 2% for some time while achieving maximum employment, according to the text. Stocks are slightly higher, putting pressure on the dollar. Continue reading…
The GBP/USD pair oscillated between gains and losses during the day, but concluded the day little altered near the 1.3800 level. During the European session, the pair reached a high of 1.3841, but during US trading hours, it succumbed to the resurgent dollar’s demand. The dollar rose in value as demand for US bonds increased, lowering yields. Continue reading…
Following Tuesday’s dollar storm, the GBP/USD has been hanging to 1.38. The minutes of the Fed’s meeting could send the pair higher. The four-hour chart for Wednesday shows a mixed picture. Continue reading…/n
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