Skip to main content
BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%BTC / USDTCRYPTO107,400+2.19%ETH / USDTCRYPTO3,840+2.13%SOL / USDTCRYPTO182.40−1.99%BNB / USDTCRYPTO652.30+0.66%XRP / USDTCRYPTO2.2150+1.61%DOGE / USDTCRYPTO0.3850−1.79%TON / USDTCRYPTO5.240+2.34%AVAX / USDTCRYPTO42.60−2.07%LINK / USDTCRYPTO22.40+2.28%ADA / USDTCRYPTO1.0520−1.68%TRX / USDTCRYPTO0.3300+0.92%DOT / USDTCRYPTO8.420+2.93%
AboutTraders FairTraders AwardsTrade Game
/
Pricing
Get started→
fxJul 10, 2026, 1:37 AM

GBP/USD Extends Rally Above 1.3400 on BoE Rate Hike Bets

The British Pound strengthened above 1.3400 against the US Dollar during Asian trading on Friday, supported by UK leadership change and growing expectations of further Bank of England interest rate increases.

GBPUSD

The GBP/USD pair gained traction in early Asian trading on Friday, rising to around 1.3430. The British Pound edged higher against the US Dollar as markets priced in additional Bank of England rate hikes, buoyed by a transition in UK government leadership.

Traders are now focusing on the potential for tighter monetary policy from the BoE, which has been a key driver of sterling’s recent rally. The pair broke above the 1.3400 threshold, reflecting bullish sentiment toward the pound amid expectations of more aggressive rate tightening.

Source: FXStreet Forex News