The currency pair stabilizes above its 20-day EMA as traders await June FOMC meeting minutes for policy clues.
GBP/USD trades marginally higher at 1.3355 in European trading, supported by its position above the 20-day exponential moving average. The pair shows limited volatility as investors hold positions ahead of the Federal Reserve’s June meeting minutes release at 18:00 GMT.
Earlier, the pair tested resistance near 1.3400 but failed to sustain gains. Market consensus expects the FOMC minutes to provide insights into the Fed’s rate-cut timeline, with potential implications for USD strength. Comparable sessions saw muted activity before major central bank communications.
No immediate market reaction has been observed, with focus shifting to the upcoming minutes for directional cues.