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fxJun 17, 2026, 6:33 AM

British Pound Slides on Soft UK Inflation Data

The British Pound fell to weekly lows against the US Dollar after weaker-than-expected UK inflation figures were released.

GBPUSD

The British Pound (GBP) lost ground against the US Dollar (USD) on Wednesday, trading at 1.3422 after hitting its lowest level of the week. The decline followed the release of softer UK inflation data, which disappointed market expectations.

Investors interpreted the figures as reducing the likelihood of aggressive monetary tightening by the Bank of England, weighing on the pound. The currency remains under pressure as traders reassess the interest rate outlook.

Source: FXStreet Forex News