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GBP/USD Price Forecast: Trades sideways around 1.3500 ahead of Fed-BoE rate decisions

The GBP/USD pair is broadly sideways around 1.3500 during the European trading session on Wednesday. The Cable consolidates as investors await monetary policy announcements by the Federal Reserve (Fed) and the Bank of England (BoE).
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BoC: Cautious hold as oil lifts inflation – TD Securities

TD Securities strategists expect the Bank of Canada (BoC) to keep its policy rate at 2.25%, with a cautious statement in the April decision. The April Monetary Policy Report (MPR) is seen upgrading headline inflation forecasts on higher energy prices, while core revisions remain modest.
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