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fxAug 17, 2026, 1:12 AM

British Pound Trades Near Three-Month Top as Fading Fed Hike Bets Weigh on USD

GBP/USD drew dip-buyers early in the week and climbed above the mid-1.3500s during Asian trading, moving closer to a three-month high as reduced Fed tightening bets pressured the dollar.

GBPUSD

Cable attracted dip-buyers at the start of the new week and advanced above the mid-1.3500s during the Asian session, leaving the pair close to the over three-month high touched earlier.

The pound’s strength reflects fading expectations for additional Federal Reserve rate hikes, which has undermined the US dollar and supported GBP/USD momentum.

Source: FXStreet Forex News