The GBP/USD edges higher during the North American session on Wednesday after softer-than-expected economic data from the United States (US) could prompt the US Federal Reserve (Fed) to cut rates.
The BoE Monetary Policy Committee announcement will be early, due at 0600GMT – Following up – at 0900GMT – will be publication of the briefing with Governor Bailey So far the BoE has
Though currently lower, the US Dollar is still poised to end the week on a positive note against the Japanese Yen, likely recording the best week's close since March.
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