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GBP/USD in Limbo: Markets Scale Back BoE Rate Hike Expectations
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Tuesday, September 22, 2026 at 09:37 AM UTC

GBP/USD in Limbo: Markets Scale Back BoE Rate Hike Expectations

Currency Pairs:💱 GBP-USD
USAUnited Kingdom

GBP/USD edged higher to 1.3371 on Tuesday. Markets have scaled back expectations of a Bank of England rate hike following the decline in oil prices.

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GBP/USD in Limbo: Markets Scale Back BoE Rate Hike Expectations