The GBP/USD pair rose slightly as the market watched the deliberations on the debt ceiling and the upcoming Federal Reserve minutes.
Set a buy-stop at 1.2500 and a take-profit at 1.2600.The GBP/USD pair rose slightly as the market watched the deliberations on the debt ceiling and the upcoming
Therefore, the pair will react to the upcoming talks between Joe Biden and Kevin McCarthy, the House Speaker. The two will meet today and possibly reiterate that the US will not default on June 1 when it will run out of cash.Therefore, the focus will be on statements by Federal Reserve officials. Raphael Bostic of Atlanta Fed will talk today. In his recent speeches, Bostic has supported pausing in June as the bank observes the impact of the recent rate hikes.
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