Medium Impact GBPUSD GBP UK

GBP/USD, Oil Forecast: Two trades to watch 160726

Published Jul 16, 2026 4:01 AM Last refreshed Jul 19, 2026 8:27 AM Source: Forexcom Event Time: Jul 16, 2026 4:01 AM
Imported headline
GBP/USD, Oil Forecast: Two trades to watch 160726

Source
Forexcom - https://www.forex.com/en-us/news-and-analysis/gbp-usd-oil-forecast-two-trades-to-watch-160726/

Summary
GBP/USD has climbed to a two-month high above 1.35 as investors continue to scale back Federal Reserve rate hike expectations and welcome reports over the UK's next Chancellor.
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