GBP/USD Price Forecast: Near-term bias remains bearish ahe...

GBP/USD Price Forecast: Near-term bias remains bearish ahead of Fed-BoE policy

Published Jul 29, 2026 5:29 AM Last refreshed Jul 29, 2026 9:49 AM Source: EODHD Event Time: Jul 29, 2026 5:29 AM

News data attribution

This market news item includes source data powered by EODHD.

GBP/USD Price Forecast: Near-term bias remains bearish ahead of Fed-BoE policy

Source: EODHD - https://www.fxstreet.com/news/gbp-usd-price-forecast-near-term-bias-remains-bearish-ahead-of-fed-boe-policy-202607290929
Published: Jul 29, 2026 5:29 AM

The British Pound (GBP) is marginally higher at around 1.3300 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair edges up as the US Dollar ticks lower ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.

Market context: This update is relevant to GBP traders, with GBPUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.