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fxJun 16, 2026, 10:52 PM

GBP/USD Coils Ahead of Inflation Data and Fed Decision

GBP/USD remains range-bound, closing slightly higher on Tuesday as traders await key inflation data and the Fed's next move.

GBPUSD

GBP/USD barely moved on Tuesday, closing fractionally higher near the middle of a multi-month trading range. The calm reflects a market that has already priced in the upcoming US inflation report and the Federal Reserve's monetary policy decision.

While no breakout has occurred, the pair's tight consolidation suggests traders are positioning for a potential volatile move once the data is released. The Fed's stance on rates and inflation will be key for the dollar's direction.

Source: FXStreet Forex News