GBP/USD has moved into a consolidation phase as we await the turn out of the FOMC as to how dovish or hawkish the members will have been over this two day's of meeting and deciding upon the interest rate. Currently, GBP/USD is trading at 1.4064, up 0.48% on the day, having posted a daily high at 1.4080 and low at 1.3996.Indeed, sterling has been a strong performer of late, despite the miss in CPI expectations yesterday where UK CPI slipped to 2.7% in Feb (from 3.0% in Jan and against market expectations for a drop to 2.8%. PPI input and factory gate prices were also below forecasts for the month), denting the pound's ... (full story)