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fxJul 16, 2026, 3:51 PM

Pound Sterling Retreats as Strong US Data Boosts Dollar

The British Pound fell over 0.28% against the US Dollar following strong US economic data, reversing some of Wednesday's gains as risk aversion boosted the safe-haven Greenback.

GBPUSD

The British Pound gave back some of its earlier gains against the US Dollar, dropping more than 0.28% after robust US economic data reinforced the Greenback's safe-haven appeal amid a risk-off mood.

At the time of writing, GBP/USD traded at 1.3502, having peaked earlier in the session before reversing sharply. The move was driven by stronger-than-expected US data releases, which revived demand for the dollar and pressured the sterling.

Traders are now watching for further catalysts, with the pound vulnerable to additional US data surprises and shifts in risk sentiment.

Source: FXStreet Forex News