Jul 15, 2026
British Pound gains traction above 1.3400 as softer US CPI dampens Fed rate hike expectations
The GBP/USD pair gains ground to near 1.3405 during the early Asian session on Wednesday. The US dollar (USD) weakens against the British Pound (GBP) as softer-than-expected US inflation in June tempered expectations for US Federal Reserve (Fed) policy tightening.
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