Neutral
GBP/USD retreats below 1.3600 after failing to breach 1.3660 resistance.
GBP/USD experienced a pullback after multiple rejections at the 1.3660 resistance level, retreating below 1.3600. The US Dollar strengthened following the release of the July Personal Consumption Expenditures (PCE) Price Index, which showed inflation remaining elevated at 3.3%, reinforcing expectations of potential Federal Reserve rate hikes.
Key points
- GBP/USD fails to break 1.3660 resistance, testing 1.3620 support.
- US PCE data shows inflation steady at 3.3%, keeping Fed rate hike expectations intact.
- No significant UK economic data released; focus shifts to upcoming US GDP and Jackson Hole Symposium.
Sources
- GBP/USD Price Forecast: Hits fresh intra-week lows after failure at 1.3660 resistanceFXStreet · August 26, 2026
- Pound Sterling Price News and Forecast: GBP/USD retreats as sticky PCE revives Fed hike betsFXStreet · August 26, 2026
- GBP/USD Signal: Golden Cross Forms Ahead of US PCE Data and Jackson HoleDailyForex · August 26, 2026
AI-generated from public news sources. Not financial advice.
