Forex: GBP/USD consolidates below 1.5600

FXstreet.com (Córdoba) - After being unable to break above the 1.5600 mark, GBP/USD turned lower and staged a short-lived setback that was contained by 1.5545, where the 20-hour SMA and a static support level (high Apr 29) converge.

GBP/USD was then confined to a phase of consolidation, as investors await the FOMC announcement at 18:00GMT, with most analysts expecting no change from the Fed's previous meeting.

At time of writing, GBP/USD is trading at the 1.5575/80 area, where it is 0.3% above its opening price and having printed a high of 1.5594.