• GBP$ near session low in NY afternoon -0.33% at 1.3473; NorAm range 1.3528-1.3467

• Fed prudently wary of inflation, cites high level of uncertainty over ME developments

• Fed holds rates steady, cites elevated inflation; three dissents against 'easing bias'

• Traders shift focus to BoE, ECB on Thursday, no changes expected, June hikes exp'd

• LSEG's IRPR shows steady Fed in 2026; BoE seen hiking in June +81bp by Dec meeting

• GBP$ supt 1.3469/67 Wed low/100-DMA, 1.3416 100-DMA, 1.3375 daily cloud base

• Res 1.3523/28 daily conv line/Wed high, 1.3544 daily cloud top, 1.3599 daily high Apr 17

GBP Chart:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)