GBP/USD Waits on Fed and BoE Decisions Amid Diverging Monetary Policy Paths

The British pound is trading near 1.3300 against the U.S. dollar as currency markets enter a cautious holding pattern ahead of key policy decisions from the Federal Reserve and the Bank of England.

Investors are uncertain about the diverging monetary policy paths of the two central banks, leading to consolidation in a narrow range.

The 1.3300 level has emerged as a critical psychological and technical support zone for GBP/USD, with repeated tests suggesting buyers are attempting to defend it.

A break below this level could trigger further selling toward 1.3250, while a hold above it combined with a positive catalyst could lead to a recovery toward 1.3350 or higher.