Bullish
GBP/USD reaches six-month high of 1.3670 amid strong UK PMI and weak US dollar.
The GBP/USD pair surged to a six-month high of 1.3670, driven by robust UK business activity data and a weakening US dollar. The UK's Services PMI rose to 52.8 in July, surpassing expectations, while the US dollar softened due to the Treasury's bond buyback plans.
Key points
- UK Services PMI for July improved to 52.8, indicating strong business activity.
- US dollar weakened as Treasury announced increased bond buybacks.
- UK Retail Sales contracted by 0.5% in July, aligning with market expectations.
Sources
- 1.3670: British Pound hits six-month highs as UK PMI beats expectationsFXStreet · August 21, 2026
- British Pound holds gains against a weak US Dollar despite downbeat UK Retail SalesFXStreet · August 21, 2026
- GBPUSD Nears Six-Month High with Strong Technical Momentum and Upbeat Trading Outlook, August 21, 20261uptick Analytics · August 21, 2026
- La sterlina resta stabile mentre il riacquisto del Tesoro mantiene il dollaro deboleInvesting.com · August 21, 2026
AI-generated from public news sources. Not financial advice.
