Sterling rose 0.53% to its strongest level since May, driven by broader dollar softness rather than UK inflation data.
GBP/USD closed 0.53% higher at 1.3600 on Wednesday, marking its best level in three months. The move was largely attributed to weakness in the US dollar rather than the UK inflation report, which had minimal impact during the London session.
Sterling gained just 20 pips in early trading before extending its rally later in the day. The pair’s previous close was below 1.3500, with the latest print reflecting a shift in dollar sentiment amid broader market positioning.
No immediate market reaction was specified, though the move suggests growing investor focus on US economic data and Fed policy expectations.