GBP/USD continues to rise, staying below the 1.2700 psychological barrier in early Tuesday's Asian session. FOMC minutes reveal the Fed's data-driven approach, softening the outlook and putting pressure on the USD, benefiting this currency pair. Currently, GBP/USD is at 1.2685, up 0.02%.
This week, the US Q4 GDP is expected to remain stable at 3.3%. Traders will watch Thursday's US Personal Consumption Expenditures (PCE) index closely for trading opportunities with GBP/USD.
This week, the US Q4 GDP is expected to remain stable at 3.3%. Traders will watch Thursday's US Personal Consumption Expenditures (PCE) index closely for trading opportunities with GBP/USD.
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