Germany 10-y Bond Auction up to 2.27% from previous 2.25%
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GBP/USD trades sideways above 1.2300, Fed looms
GBP/USD is struggling to gain any meaningful upside traction above 1.2300 in early Europe. The pair remains supported as the US Dollar licks its wounds amid weaker US Treasury yields and cautious trading ahead of the Fed policy announcements. US PMIs will be also eyed.