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fxJun 26, 2026, 11:55 AM

GBP/USD Rises Above 1.3200 as Dollar Rally Falters

The British Pound gained for a second straight day on Friday, trading above 1.3200, with the year-to-date low near 1.3140. The move came as the US Dollar rally lost steam and oil prices retreated to pre-war levels.

GBPUSD

The British Pound extended its recovery against the US Dollar on Friday, rising above the 1.3200 handle for the second consecutive session. The pair's year-to-date low remains close by at 1.3140, putting the recent rebound into perspective.

The US Dollar's broader rally showed signs of faltering, providing support for the GBP/USD. Meanwhile, the retreat in oil prices back toward pre-war levels eased some inflationary concerns tied to energy costs.

Traders will be watching for further directional cues as the dollar's momentum wanes and the pound attempts to build on its short-term bounce.

Source: FXStreet Forex News