GBP/USD backslides ahead of BoE rate call

  • GBP/USD fell back on Wednesday, shedding six-tenths of one percent as markets kept one foot firmly planted in the safe haven Greenback. The Federal Reserve (Fed) kept rates on hold, as markets broadly expected, but Fed policymakers remaining firmly stuck in a “wait-and-see” approach hampered risk appetite during the midweek market session.