GBP/USD Consolidation Continues Amid US Rate Hike Expectations
The GBP/USD pair has remained in a narrow consolidation around 1.3630 for two consecutive days during Tuesday's Asian session.
Expectations of at least one additional Fed rate hike this year and heightened US-Iran tensions have supported the US Dollar, limiting gains in GBP/USD.
Traders are awaiting the upcoming US PCE Price Index release and Fed Chair Kevin Warsh's Jackson Hole speech for clearer policy signals.