GBP/USD rises toward 1.3500 as soft US CPI data weakens dollar

FXStreet··Read original
3▲1 ▼0Impact / 5
Summary · why it matters

The British pound gained against the US dollar on Wednesday, trading up 0.1% at around 1.3403 during the European session. The GBP/USD pair advanced as the US dollar came under selling pressure, with market participants dialing down expectations for Federal Reserve interest rate hikes following soft US consumer price index data.

Impact on assets 1

Others▲ · 1 stocks
© 2026 MarketIVNews