GBP/USD is trading flat at approximately 1.3460, reflecting a 0.30% decline on Tuesday. The currency pair is consolidating after last week's bullish momentum, which had propelled it to a three-month high around 1.3535. Market participants are now eyeing the upcoming Federal Reserve minutes for guidance on potential monetary policy shifts.
Meanwhile, the Bank of England has signaled a cautious approach to easing, adding further complexity to the exchange rate dynamics. As traders await insights from the Fed, the market is likely to remain on edge, with movements in GBP/USD influenced by shifts in sentiment surrounding both central banks and broader economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2025-12-30 16:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.