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fxJul 15, 2026, 3:40 PM

Pound Sterling Rallies on Soft US PPI Data

The Pound Sterling rose about 0.60% against the US Dollar after the latest US Producer Price Index showed prices edging lower, driven by a dip in energy prices since late May.

GBPUSD

The British Pound gained against the US Dollar on Tuesday, rising approximately 0.60% after the release of softer-than-expected US Producer Price Index (PPI) data. The PPI indicated a decline in wholesale prices, primarily attributed to falling energy costs since late May.

At the time of writing, GBP/USD was trading at 1.3460, recovering from a daily low earlier in the session. The move reflects a broader weakening of the greenback as markets reassess inflation expectations and potential Federal Reserve policy implications.

Source: FXStreet Forex News