GBP/USD Forecast: Holds Bid as Dollar Confidence Frays; 1.3925 in View

my GBP/USD forecast

The GBP/USD forecast remains tilted to the upside, aiming for 1.3925 as the dollar loses further after the FOMC meeting. Despite the rates on hold and Powell’s reminder of higher inflation, the dollar could not find buyers amid Fed independence concerns. Option markets reveal the highest negative level since last May for GBP 3-month risk…

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