GBP/USD remains subdued ahead of the Fed’s rate decision. Market participants are holding back as they anticipate the potential impact of monetary policy on the currency pair. Recent trading shows the GBP/USD around 1.2650, reflecting a stable outlook amid uncertainty. The UK economic data will also play a role in shaping trader sentiment as the BoE’s policy direction continues to be under scrutiny. Traders should watch for significant fluctuations post the Fed’s announcement, which will likely dictate market sentiment. Immediate support is seen at 1.2600, while resistance is noted at 1.2700.