GBP/USD retreated after approaching resistance near 1.3410, settling around 1.3355 during Wednesday's European session, according to FX Street (UOB). The pair was unable to maintain its recent upward momentum, pulling back from the key resistance level.
Investors are closely watching the Federal Open Market Committee minutes from the June policy meeting, scheduled for release at 18:00 GMT, as market participants await clues on future monetary policy direction, FX Street reported.
For Japanese investors, the GBP/USD movement remains relevant amid ongoing global monetary policy shifts that can influence FX volatility and risk appetite across Asian markets.