GBPUSD: Outlook continues to rise!

그저께Hi everyone!

The GBP/USD pair is trading within a narrow range just above the 1.3200 mark during Tuesday's Asian session, consolidating after Monday’s strong rally to a one-week high. Investors are cautious ahead of key central bank events, including the two-day FOMC meeting starting on Tuesday and the Bank of England's (BoE) policy update on Thursday.

The Federal Reserve is expected to announce its decision on Wednesday, with the market pricing in a 60% chance of a 50 basis point rate cut, as inflationary pressures ease. This has pushed U.S. Treasury yields to their lowest levels in a year or two, limiting any meaningful recovery for the U.S. Dollar (USD), which in turn supports the GBP/USD pair.