GBP/USD Lower ahead of U.K Data

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GBP/USD is trading lower Tuesday ahead of Wednesday's U.K unemployment data and Minutes from the Bank of England at 05:30 AM ET. GBP/USD is trading choppy at 1.4744, down 0.0080. The U.S. Federal Reserve Open Market Committee ( FOMC ) concludes it's March meeting Wednesday afternoon. Forex traders are seeking more information about the Fed's policy from the meeting. Market talk is making the rounds about increased volatility and wide trading ranges on Wednesday.
Posted In: FuturesForexMarkets
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