The GBP/USD pair extends the previous day's rejection slide from the vicinity of a technically significant 200-day SMA, around the 1.2425-1.2430 regio
Traders opt to wait for the UK CPI and FOMC decision, ahead of Thursday's BoE meeting.The GBP/USD pair
The British Pound is undermined by reduced bets for more aggressive policy tightening by the Bank of England . This, along with the underlying bullish sentiment surrounding the US Dollar , continues to act as a headwind for the GBP/USD pair. Traders, however, seem reluctant to place aggressive bets and opt to wait on the sidelines ahead of the latest UK consumer inflation figures.
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