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fxJun 12, 2026, 3:04 PM

British Pound Steady Near 1.3400 Ahead of Key BoE and Data

The British Pound is consolidating recent gains around the 1.3400 level against the US Dollar, with domestic risk elevated ahead of upcoming UK CPI, labour data, and the Bank of England decision.

GBPUSD

According to Scotiabank strategists Shaun Osborne and Eric Theoret, the British Pound (GBP) is holding steady near 1.3400 against the US Dollar, consolidating its recent advance.

Market attention is focused on a busy week ahead for UK data and central bank events. The upcoming CPI and labour market reports, along with the Bank of England's monetary policy decision, introduce elevated domestic risk for GBP/USD.

Source: FXStreet Forex News