Pound edges lower ahead of central bank decisions
Sterling slipped against the dollar on Wednesday as traders remained cautious before meetings at the Federal Reserve and Bank of England. The currency is still on track for its strongest monthly gain since August despite recent economic growth concerns.
GBP/USD fell 0.15% to $1.3499 on Wednesday as investors awaited interest rate decisions from the Federal Reserve and Bank of England. Despite the dip, the pound is up 2.1% in April, its strongest monthly performance since August. Traders are weighing central bank policy shifts against forecasts of a sharp economic slowdown in the United Kingdom.
### Central Bank Policy Divergence The United States Federal Reserve delivers its policy decision Wednesday, likely the final meeting for Chair Jerome Powell. While no rate change is expected, markets are monitoring the transition to likely successor Kevin Warsh.
