GBPUSD: The market was quiet waiting for the Fed's statements
GBP/USD traded 0.3% lower to 1.2473, ahead of Thursday's meeting of the Bank of England.
The UK central bank is expected to leave interest rates unchanged this week, with speculation it could steer markets towards a cut as soon as next month - soon after the ECB is expected to cut drops on June 6.
The UK central bank is expected to leave interest rates unchanged this week, with speculation it could steer markets towards a cut as soon as next month - soon after the ECB is expected to cut drops on June 6.
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