GBP/USD hovers near 1.3300, marking a fourth day of declines as traders weigh UK fiscal policy against the looming Federal Reserve interest rate decision.
GBP/USD hovers near 1.3300 with a slight daily decline as markets await the Fed decision and digest the UK Autumn Budget.
The British Pound retreats for the fourth consecutive session against the US Dollar, trading near the 1.3300 level. Investors remain cautious as they digest the implications of the UK Autumn Budget while positioning for the upcoming Federal Reserve policy announcement.
The pair is facing downward pressure due to a combination of market caution ahead of the Federal Reserve's policy decision and ongoing digestion of the UK's Autumn Budget.