GBP/USD: The pair is trading mostly flat with slight positive bias. GBP bulls rode of USD’s weakness and conquered 1.25 handle but failed to hold firm above 1.2500 as GBP lacked fundamental strength required to retain the upper hand against USD. Traders now await a fresh update from Fed meeting for short term profit opportunities ahead of tomorrow’s press conference. 

Please feel free to share your thoughts with us in the comments below.