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Forex pairs in this Article » GBP/USD
FXstreet.com (San Francisco) - The Dollar is rallying following the Federal Reserve's unchanged decision with the GBP/USD is collapsing around 60 pips to test the 1.5600 as initial reaction to the data.

After the 2-days meeting, the Federal Reserve has decide to leave unchanged its funds rate at 0.0-0.25% as expected. The Fed has keep its interest rate at those levels since December 2008.

The GBP/USD is currently trading at 1.5600, 0.25% negative on the day. Short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are bearish while the Stochastic and the MACD are neutrals.
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