British Pound softens below 1.3500 as traders await UK CPI data, Fed rate decision

The GBP/USD pair loses ground to near 1.3470 during the early Asian trading hours on Wednesday. The US Dollar (USD) strengthens against the British Pound (GBP) on expectations of a US interest rate hike.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-16
• rates
• price_action

Topics: gold news, gold price impact, rates, price_action