{
  "id": 1393456,
  "title": "British Pound trades near three-month top as fading Fed hike bets undermine USD",
  "url": "https://urgent.news/2026/08/17/british-pound-trades-near-three-month-top-as-fading-fed-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T01:11:49.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-trades-near-three-month-top-as-fading-fed-hike-bets-undermine-usd-202608170111"
  },
  "original_language": "en",
  "account": "The GBP/USD currency pair experiences a surge towards a three-month peak near 1.3560 on Friday, buoyed by fading expectations of a Federal Reserve (Fed) rate increase and a softer stance on the US Dollar (USD). Concurrently, the British Pound (GBP) gains support from a robust UK GDP report, projecting the strongest growth among G7 economies in the first half of 2026. Despite a dip in US Retail Sales for July, the prevailing selling bias of the USD favors bullish traders, indicating an upside trajectory for GBP/USD. Analysts at MUFG/BTMU affirm that \"the pound is continuing to perform well this year,\" attributing its strength to the UK economy's resilience amidst the energy price shock resulting from the US-Iran conflict. However, geopolitical risks, particularly the US-Iran standoff and inflation concerns from volatile oil prices, temper further USD declines. Traders anticipate a pause in trading activity due to upcoming UK jobs data and consumer inflation figures. The FOMC Minutes scheduled for release on Wednesday could inject additional volatility into the GBP/USD pair during the latter half of the week.",
  "summary": "The GBP/USD pair attracts some dip-buyers at the start of a new week and climbs above mid-1.3500s during the Asian session, closer to over a three-month high touched on Friday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar gains traction to near 0.7100 on fading Fed hike bets",
        "url": "https://urgent.news/2026/08/16/australian-dollar-gains-traction-to-near-0-7100-on-fading-fed-hike",
        "published": "2026-08-16T23:29:08.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market Today: Asian shares mixed, dollar dips as Fed hike bets ease",
        "url": "https://urgent.news/2026/08/17/global-market-today-asian-shares-mixed-dollar-dips-as-fed-hike-bets",
        "published": "2026-08-17T01:06:47.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Yen edges up as traders push back Fed rate hike bets",
        "url": "https://urgent.news/2026/08/17/yen-edges-up-as-traders-push-back-fed-rate-hike-bets",
        "published": "2026-08-17T01:08:06.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Yen edges up as traders push back Fed rate hike bets",
        "url": "https://urgent.news/2026/08/17/yen-edges-up-as-traders-push-back-fed-rate-hike-bets-1394770",
        "published": "2026-08-17T01:22:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Yen edges up as traders push back Fed rate hike bets",
        "url": "https://urgent.news/2026/08/17/yen-edges-up-as-traders-push-back-fed-rate-hike-bets-1404678",
        "published": "2026-08-17T02:34:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}