Pound to Dollar Rate Today: GBP/USD Sub 1.34 After Mixed US Inflation

July 15, 2025 - Written by Ben Hughes

STORY LINK Pound to Dollar Rate Today: GBP/USD Sub 1.34 After Mixed US Inflation

Looking ahead, the focus for the Pound US Dollar exchange rate (GBP/USD) now turns to the release of the UK’s own CPI figures on Wednesday.

Economists predict inflation will have held at 3.4% last month. While this remains above the BoE’s target range, unless the figures deviate significantly from forecasts, their impact on the GBP/USD may be limited amid the BoE’s focus on the UK jobs market.

On the US side, the producer price figures for June could offer support to the US Dollar if they show rising input costs, which typically feed through to consumer prices in the months ahead.

DAILY RECAP:

The Pound‑to‑Dollar (GBP/USD) pair remained largely unchanged on Tuesday, hovering just below Monday’s three‑week low.

At the time of writing, it was trading near $1.3438. Almost unchanged from the start of Tuesday’s session.

The US Dollar (USD) showed limited movement on Tuesday as traders absorbed the latest US consumer price index report from the US Bureau of Labor Statistics.


US headline inflation rose from 2.4% to 2.7% in June, matching expectations and marking the highest reading since February.

In contrast, core inflation came in at 2.9%, slightly below consensus forecasts that it would reach 3%,

The slightly weaker-than-expected core inflation figures applied some pressure to the US dollar, as they are likely to be welcomed by the more dovish members of the Federal Reserve, and cement bets for a September interest rate cut.

Despite this, the USD selling pressure remained very modest in scope, with the unpredictability surrounding US President Donald Trump’s tariff policy continuing to cloud the US inflation outlook.

The Pound (GBP) remained mostly range‑bound on Tuesday as investors took a cautious stance ahead of key UK economic releases later in the week.

Attention has now shifted to Thursday’s UK jobs report, following recent commentary from Bank of England (BoE) Governor Andrew Bailey, who warned persistent labour-market weakness could warrant faster rate cuts.

Moreover, uncertainty surrounding UK fiscal policy, including speculation over autumn tax changes following the government’s reversal of welfare reforms, continues to weigh on Pound sentiment.

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TAGS: Pound Dollar Forecasts