The GBP/USD pair extends above the rising nine-day Exponential Moving Average (EMA) and the 50-day EMA, keeping the short-term bullish bias intact. US President Donald Trump has been soft-rolling towards announcing a new Fed Chair pick to replace Jerome Powell, whose term ends in May. The pair trades volatile within the 1.3740-1.3790 range, ahead of the Fed Chair Jerome Powell press conference. The Federal Reserve held interest rates steady at 3.50%–3.75%, following a vote split at its latest policy meeting. Stephen Miran and Christopher Waller—one of President Trump’s nominees to succeed Jerome Powell—dissented in favor of a 25-basis-point rate cut.