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    GBP Market Update

    12 Aug 2026 • 00:27 GMT

    GBP/USD 1.3509

    The British Pound has risen near 14-day highs against the US dollar amid a period of stability, supported by positive UK developments and expectations of Bank of England rate hikes. Despite US dollar strength driven by global risk sentiment, GBP remains resilient, edging higher against major currencies with potential for further gains if UK monetary tightening persists.

    Forecast snapshot

    Quick GBP/USD forecast

    Near-term bias🟢 Mild upside
    Expected range1.3510 – 1.3780
    Dominant driver🌍 Global risk sentiment
    3-month trend🔴 Downtrend
     

     
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