GBP/USD mostly flat for Wednesday, trading into the middle near 1.2300 post-FOMC

The GBP/USD kicked off Wednesday trading near 1.2290, sagging into the day's low of 1.2268 before an early US session rally into 1.2337, but market fl

GBP/USD hamstrung near 1.2300 after the early day's peak into 1.2337 failed to extend. The Pound Sterling fell to an intraday low of 1.2268 and finds bids hung up in the midrange. An uptick in US PPI figures is keeping the US Dollar on-balance as investors to look ahead to CPI. ows into the US Dollar sent the pair back into the midrange near where the trading day kicked off, testing the 1.2300 handle. US Producer Price Index figures came in above expectations, printing at 2.

minutes: Members agreed rates should stay restrictive for some time Investors will now be looking ahead to Thursday's US Consumer Price Index release, which is anticipated to decline from 2.7% to 2.6% for the annualized headline reading into September. Before that, though, Pound Sterling traders will want to keep an eye out for UK Gross Domestic Product and production figures. UK Gross Domestic Product is forecast to come in at 0.2% against the previous -0.

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