Skip to main content
BTC / USDT107,400+2.19%ETH / USDT3,840+2.13%SOL / USDT182.40−1.99%BNB / USDT652.30+0.66%XRP / USDT2.2150+1.61%DOGE / USDT0.3850−1.79%TON / USDT5.240+2.34%AVAX / USDT42.60−2.07%LINK / USDT22.40+2.28%ADA / USDT1.0520−1.68%TRX / USDT0.3300+0.92%DOT / USDT8.420+2.93%BTC / USDT107,400+2.19%ETH / USDT3,840+2.13%SOL / USDT182.40−1.99%BNB / USDT652.30+0.66%XRP / USDT2.2150+1.61%DOGE / USDT0.3850−1.79%TON / USDT5.240+2.34%AVAX / USDT42.60−2.07%LINK / USDT22.40+2.28%ADA / USDT1.0520−1.68%TRX / USDT0.3300+0.92%DOT / USDT8.420+2.93%
Pricing
Get started→
fxJul 22, 2026, 4:15 AM

GBP/USD Bounces Off One-Week Low on Iran Diplomacy Hopes, UK CPI in Focus

The British pound rose against the dollar on Wednesday, recovering from a one-week low near 1.3360, as optimism over Iran diplomacy supported risk appetite. Traders now await UK CPI data.

GBPUSD

The GBP/USD pair edged higher during the Asian session on Wednesday, snapping a four-day losing streak after hitting a one-week low of 1.3360 the previous day. The bounce is attributed to hopes of diplomatic progress in Iran, which boosted risk sentiment.

Market participants are now focusing on the upcoming UK Consumer Price Index (CPI) release, which could provide further direction for sterling. The pair's recovery reflects cautious optimism ahead of the data.

Source: FXStreet Forex News