Important events today:

18:00 UTC: USD – FOMC decision on the federal funds rate.

18:30 UTC: USD – FOMC press conference.

The GBP/USD pair rose on Tuesday, gaining four-tenths of a percent during the day and testing the 1.3400 level amid headlines about a potential trade deal between the United States and the United Kingdom, which could help the UK avoid trade tariffs actively imposed by the Trump administration.

Recently, the Federal Reserve has come under pressure from multiple directions to lower interest rates: market participants are constantly seeking cheaper financing options, and the Trump administration has persistently insisted that the Fed’s primary task should be to cut rates to make servicing U.S. debt more affordable. This stance significantly contradicts the Fed’s dual mandate — to maintain full employment and control price volatility — but these key aspects seem largely overlooked by President Donald Trump.

The upcoming Fed interest rate meeting on Wednesday remains the week’s key market event. While markets broadly expect rates to be held steady, investors will closely watch statements from policymakers — especially Fed Chair Jerome Powell — for any signals that the Fed may begin a rate-cutting cycle sooner rather than later.

Recommendations: BUY 1.3360, SL 1.3340, TP 1.3460.