Pound to Dollar Price Forecast: GBP Holds Above $1.34 as Fed Rate Bets Fade

Imported headline
Pound to Dollar Price Forecast: GBP Holds Above $1.34 as Fed Rate Bets Fade

Source
ExchangeRates - https://www.exchangerates.org.uk/news/46510/2026-07-16-pound-to-dollar-price-forecast-gbp-holds-above-1-34-as-fed-rate-bets-fade.html

Summary
The Pound to Dollar (GBP/USD) exchange rate edged higher on Wednesday as investors continued to scale back Federal Reserve interest rate expectations following weaker-than-expected US inflation data. At the time of writing, GBP/USD was trading around $1.3404, up modestly on the day.