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fxAug 13, 2026, 3:53 PM

Pound Climbs as Soft US Producer Inflation Weakens Fed Hawkish Bets

GBP/USD rose to 1.3503 after US producer inflation data came in below or aligned with forecasts, reinforcing the disinflation trend.

GBPUSD

Sterling posted modest gains against the dollar, with GBP/USD trading around 1.3503. The move followed US producer inflation data that came in below or aligned with estimates.

The figures signaled that the disinflation process continued, reducing the case for aggressive Federal Reserve tightening and hurting hawkish bets on the dollar.

The pound's advance reflects a softer greenback rather than a sharp repricing in UK-specific drivers.

Source: FXStreet Forex News