GBP/USD Price Forecast: Soft US CPI data backs upside towa...

GBP/USD Price Forecast: Soft US CPI data backs upside towards 1.3500

Published Jul 15, 2026 4:33 AM Last refreshed Jul 29, 2026 9:49 AM Source: EODHD Event Time: Jul 15, 2026 4:33 AM

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GBP/USD Price Forecast: Soft US CPI data backs upside towards 1.3500

Source: EODHD - https://www.fxstreet.com/news/gbp-usd-price-forecast-soft-us-cpi-data-backs-upside-towards-13500-202607150833
Published: Jul 15, 2026 4:33 AM

The British Pound (GBP) is up 0.1% at around 1.3403 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair gains as the US Dollar comes under selling pressure, with market participants dialing down expectations for Federal Reserve (Fed) interest rate hikes.

Market context: This update is relevant to GBP traders, with GBPUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.