{"id":77086,"date":"2022-12-14T19:30:23","date_gmt":"2022-12-14T15:30:23","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=77086"},"modified":"2022-12-14T19:31:52","modified_gmt":"2022-12-14T15:31:52","slug":"gbp-usd-hovers-around-1-2400-ahead-of-fomc-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-hovers-around-1-2400-ahead-of-fomc-decision\/12\/14\/market-updates\/","title":{"rendered":"GBP\/USD hovers around 1.2400 ahead of FOMC decision"},"content":{"rendered":"\n<p>The GBP\/USD pair fluctuates around 1.2370s, though it remains positive ahead of the Fed\u2019s decision. UK inflation eased beneath the 11% threshold, which could cement a 50 bps rate hike by the BoE on Thursday.<br><br>The GBP\/USD climbs in the US session as traders brace for the Federal Reserve\u2019s (Fed) last monetary policy meeting, which will likely unveil a 50-bps rate hike and release its update in the Summary of Economic Projections (SEP). Hence, the GBP\/USD is trading at around 1.2393, registering gains of 0.28% after hitting a high of 1.2400.<br>  <br>US equities are set to open mixed, as shown by the futures market. A light economic calendar in the United States (US), except for the Federal Reserve Open Market Committee (FOMC) interest rate decision around 18:00 GMT, refrains traders from opening fresh long\/short bets in the GBP\/USD.<br><br>Since Jerome Powell\u2019s speech on November 30, opening the door for smaller rate hikes, as soon as the December meeting, sent the GBP\/USD rallying close to 4.50%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD pair fluctuates around 1.2370s, though it remains positive ahead of the Fed\u2019s decision. UK inflation eased beneath the 11% threshold, which could cement a 50 bps rate hike by the BoE on Thursday.The GBP\/USD climbs in the US session as traders brace for the Federal Reserve\u2019s (Fed) last monetary policy meeting, which will &hellip;<\/p>\n","protected":false},"author":13,"featured_media":72890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[9740,7034],"class_list":["post-77086","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fomc-decision-2","tag-gbp-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=77086"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77086\/revisions"}],"predecessor-version":[{"id":77119,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77086\/revisions\/77119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/72890"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=77086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=77086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=77086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}