CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The GBP/USD rate tracks the price of the British pound, the base currency, against the US dollar, the counter currency. It is often referred to as 'cable' and is one of the major FX currency pairs. Monetary policy announcements of both the Bank of England and the US Federal Reserve will have an influence on this currency pair as well as the respective country's interest rates.
The Federal Reserve keeps rates unchanged at 4.25% - 4.5%, signaling an extended pause. Powell reassures markets, while economic data remains key for future decisions. Read the full analysis.