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2025-09-18 14:56:49
[GBP/USD fell, dragged down by profit-taking after the Fed's decision] 1. GBP/USD retreated from 1.3726 to 1.3586 (a three-day low). 1.3726 was an 11-week high hit shortly after the Fed cut interest rates by 25 basis points on Wednesday. Profit-taking by US dollar shorts drove the decline from 1.3726. 1.3586 was also the low of the New York session on Monday (1.3553 was the low of the London morning session on Monday) 2. The Bank of England is expected to keep interest rates unchanged at 4% at 19:00 Beijing time and will slow the pace of quantitative tightening. After the grand welcome ceremony of the British royal family, Starmer and Trump will discuss foreign affairs
