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fxJul 1, 2026, 7:57 AM

GBP Declines 0.22% Against USD as Treasury Yields Surge

The British Pound fell 0.22% against the US Dollar on Wednesday, hovering near 1.3234, as rising US Treasury yields boosted the greenback.

GBPUSD

The British Pound weakened against the US Dollar during European trading on Wednesday, falling 0.22% to approximately 1.3234. The drop was driven by a rise in US Treasury yields, which strengthened the dollar across the board.

Market participants are now focusing on upcoming US economic data, which could provide further direction for the GBP/USD pair. The pound's decline reflects ongoing pressure from higher yields and a broadly stronger dollar.

Source: FXStreet Forex News