GBP/USD traders are taking a cautious approach as they await upcoming meetings from the Federal Open Market Committee (FOMC) and the Bank of England (BoE). The Pound Sterling price news and forecast show that investors are moving to the sidelines in anticipation of potential market-moving announcements.
The FOMC meeting will provide insight into the US Federal Reserve’s monetary policy decisions, while the BoE meeting will offer guidance on the UK’s economic outlook. Both events have the potential to influence the GBP/USD exchange rate.
Traders are closely monitoring these meetings to gauge the impact on the Pound Sterling. Uncertainty surrounding Brexit negotiations and global economic conditions have also contributed to the cautious sentiment among traders.
Overall, the GBP/USD market remains on edge as investors await key announcements from the FOMC and BoE. The Pound Sterling’s price movements will likely be dictated by the outcomes of these meetings in the near future.