Day 2 of Fed interest-rate-setting meeting underway
The U.S. dollar bucked its recent downtrend on Wednesday ahead of the Federal Reserve’s monetary policy update.
Investors will focus on the dot plot after the December median forecast was lowered to two hikes in 2019, from three before. The pound last fetched $1.3158, down from $1.3268 late Tuesday. Between its session-high and low, sterling swung 1% on Wednesday.
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