Pound Sterling Price News and Forecast: GBP/USD looks upward after Fed Meeting Minutes show growing caution

  • The Federal Reserve's (Fed) latest Meeting Minutes from the Federal Open Market Committee's (FOMC) rate meeting on May 6-7 revealed that the Fed's wait-and-see approach has deep roots. Policymakers at the latest Fed meeting noted that the US Dollar's (USD) safe-haven status has taken a hit recently.