Pound Sterling Price News and Forecast: GBP/USD awaits the outcome of the central bank meetings

GBP/USD a critical watch on BoE and Fed week

It is a critical week for GBP/USD traders as we have both the Bank of England and the Federal Reserve central bank meetings. At the time of writing, GBP/USD is moving sideways in a consolidated market, hugging a bullish 200 EMA channel, albeit pressured by a firm US dollar as investors survey the conditions of the market’s risk profile. 

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GBP/USD, Chart of the Week: Bullish near-term, bearish longer-term

GBP/USD will be a focus this week considering the Bank of England as well as the Federal Reserve critical interest meetings. The following is a top-down analysis that arrives at a longer-term bearish bias towards the 1.34 areas, albeit with near-term bullish prospects on the daily chart for the sessions ahead. 

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