The Pound Sterling (GBP) is trading flat against the US Dollar (USD), hovering around the 1.3500 mark during Tuesday's European session. This stability comes as traders await the release of the FOMC Minutes, which could provide insight into future monetary policy from the Federal Reserve. Last week, GBP reached a high of 1.3535, marking its strongest position in over three months.
Market participants are closely monitoring the exchange rate as the FOMC's tone could impact the USD's strength. Any indications of shifts in interest rates or economic outlook may trigger volatility in the GBP/USD currency pair. As traders position themselves ahead of the release, the current flat trading could give way to more dynamic movements based on the forthcoming data.
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Data Source: FX Killer Analysis Team Updated: 2025-12-30 08:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.