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Forex

Pound Sterling Awaits Central Bank Decisions Amidst Dollar Strength

Guavy AI Editorial Team
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The British Pound Sterling is trading near 1.3300 against the US Dollar in the quietest session in weeks, ahead of two central bank rate decisions.

The Federal Reserve meets on Wednesday and the Bank of England follows on Thursday with a full Monetary Policy Report.

Firmer British data has yet to boost the currency, which remains pinned beneath the converged moving average band just under 1.3400.

The Dollar is running this exchange rate, with the US dollar index sitting near 101.50 at a one-month high and absorbing the safety bid out of an equity rout in Asian markets.

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