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fxJul 30, 2026, 5:38 AM

British Pound Declines as Hawkish Fed Boosts Dollar Ahead of BoE Decision

GBP/USD slipped toward 1.3345 on Thursday as a hawkish Federal Reserve and Middle East tensions lifted the US dollar, while markets awaited the Bank of England rate decision.

GBPUSD

The pair attracted sellers during early European trading on Thursday, pulling back to near 1.3345. \n\nThe US dollar strengthened across the board after signals from the Fed suggested rates will stay elevated, alongside rising geopolitical concerns in the Middle East. \n\nTraders now turn to the upcoming Bank of England rate decision, which could influence the pound's next move.

Source: FXStreet Forex News