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December 18, 2024

GBP/USD Trading: Market Movements Await Fed Policy Decisions

The GBP/USD pair has shown a lack of clear direction as it trades around the 1.2700 mark. Recent movements include a recovery phase from a three-week low of approximately 1.2600. As we enter a crucial period, traders express caution ahead of the Federal Open Market Committee’s (FOMC) policy meeting. The market’s current oscillation keeps traders in a range-bound situation, making timely analysis critical before the results of the FOMC meeting influence future currency directions.

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