Pound Sterling Price News and Forecast: GBP/USD inches higher as Fed holds rates, maintains 2025 cut outlook

  • GBP/USD trades within a 40-pip range, exhibiting mild volatility on Wednesday, after the Federal Reserve (Fed) stood pat on rates and hinted that it is still expecting two rate cuts this year.  At the time of writing, the pair trades near 1.3450, posting modest gains of 0.20%, as traders await the Fed Chair Powell's press conference.