The GBP/USD currency pair has slipped below the critical 1.3000 mark, trading at approximately 1.2990 during Wednesday’s Asian session. This decline follows a couple of gains in the preceding sessions, with the dollar maintaining its strength.

Factors contributing to the dip include stable US Treasury yields and the anticipation of the Federal Reserve’s (Fed) interest rate decision later in the day. Investors remain cautious as they await further measures from the Fed that could impact currency movements.