Daily Market Updates: British Pound retreats further, US Dollar picks up with the Fed in the spotlight

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British Pound retreats further, US Dollar picks up with the Fed in the spotlight

Reported · Written up by our desk · Major Pairs

The British Pound (GBP) extends its reversal from the five-week highs reached against the US Dollar (USD) last week, as investors trim USD short positions ahead of the Federal Reserve’s (Fed) monetary policy meeting, due on Wednesday.

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FXStreetBritish Pound retreats further, US Dollar picks up with the Fed in the spotlight

Forex

British Pound retreats further, US Dollar picks up with the Fed in the spotlight

More like this

Sources

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