FXstreet.com (CÃ³rdoba) - Cable plunged after the decision of the Federal Reserve. GPB/USD fell quickly from 1.6550 to 1.6420, minutes after the release. From there the pair started to recovery and now Cable is testing 1.6500.
The Federal Reserve decided after a two day meeting to leave interest rate unchanged at 0-0.25%. The asset purchase program will continue but the FED will gradually slow the pace of these transactions.