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fxJun 25, 2026, 2:33 AM

GBP/USD Holds Above 1.3150 as US PCE Data Looms

The British pound recovered to near 1.3175 during Asian trading on Thursday, but gains may be capped by UK political uncertainty and expectations of further US rate hikes.

GBPUSD

The GBP/USD pair edged higher to around 1.3175 in Asian hours on Thursday, recovering some lost ground after holding above the 1.3150 support level.

However, upside momentum appears limited. Political instability in the UK continues to weigh on sterling, while rising expectations for additional US interest rate hikes are underpinning the dollar. The upcoming release of US PCE inflation data could provide further direction for the pair.

Traders are watching for any breakout beyond the current range, with the 1.3150 level acting as key near-term support.

Source: FXStreet Forex News