Forex
globalreutersJuly 31, 20241 Mins read
GBP/USD muted after Fed’s hold rates, pushes back against easing
globalreutersJuly 31, 20241 Mins read The GBP/USD whipsawed during the North American session after the Federal Reserve (Fed) decided to keep rates unchanged yet pushed back against easing policy, noting, “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.” The major trades are volatile, around 1.2800-1.2850, and register modest losses.
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