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fxAug 17, 2026, 12:30 PM

GBP/USD bulls target 1.3600 as dollar weakens

GBP/USD pushed higher on Monday as fading expectations of an imminent Federal Reserve rate hike dragged the US dollar lower and lifted sterling to its strongest level since May.

GBPUSD

GBP/USD edged higher on Monday as the US dollar came under pressure. Fading expectations of an imminent Federal Reserve rate hike weighed on the greenback and allowed the British pound to strengthen.

The pair climbed to its highest level since May, with bulls pressing toward the 1.3600 area. The uptrend was described as strengthening.

The move highlights the current dynamic of dollar weakness supporting cable, with 1.3600 acting as the key level in focus for further upside.

Source: FXStreet Forex News