US Dollar drops sharply across the board, DXY his fresh low under 90.80. GBP/USD remains in recent range, now closer to the upper limit. Federal Reserve statement due at 18:00 GMT, then Powell’s press conference. The GBP/USD bounced at 1.3860 and turned to the upside. Recently, amid a broad slide of the US dollar, it climbed to 1.3922, hitting a fresh daily high. It is hovering around 1.3900 ahead of the FOMC statement. At 18:00 GMT, the Fed will announce its decision. The central bank is expected to keep its monetary assign unchanged. Chari Powell will hold a press conference at 18:30 GMT. No forecasts will be released today. The tone and the signs of the central could have an impact on markets. Earlier on Wednesday, in the UK the Electoral Commission opened an investigation into the financing of the refurbishment of PM Johnson’s residence, on suspicions an offense may have been committed. The pound dropped only modestly after the report and then recovered. From a technical perspective, the GBP/USD awaits the FOMC decision in the range that has been in place since the beginning of the week with a strong barrier near 1.3930 and a support at 1.3860. Those are the two key levels to consider that are keeping cable under control. Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next XRP Price Forecast: XRP could go downhill as network activity plunges FX Street 9 months US Dollar drops sharply across the board, DXY his fresh low under 90.80. GBP/USD remains in recent range, now closer to the upper limit. Federal Reserve statement due at 18:00 GMT, then Powell's press conference. The GBP/USD bounced at 1.3860 and turned to the upside. Recently, amid a broad slide of the US dollar, it climbed to 1.3922, hitting a fresh daily high. It is hovering around 1.3900 ahead of the FOMC statement. At 18:00 GMT, the Fed will announce its decision. The central bank is expected to keep its monetary assign unchanged. Chari Powell will hold a press conference… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
