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fxJun 10, 2026, 5:55 AM

GBP/USD Rises to Near 1.3400 Ahead of US CPI Release

The British Pound gained ground against the US Dollar, trading around 1.3390 during early European hours on Wednesday. Markets are turning cautious as the US May Consumer Price Index report is due later today.

GBPUSD

The GBP/USD pair traded in positive territory near 1.3390 during the early European session on Wednesday. The pair has moved closer to the 1.3400 level, supported by ongoing dollar weakness and expectations ahead of the US CPI data.

Traders are adopting a cautious stance as they await the release of the US May Consumer Price Index inflation figures later in the day. The data could influence the Federal Reserve's monetary policy path and may trigger volatility in the pair.

No other drivers were cited in the latest market commentary.

Source: FXStreet Forex News