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British Pound Outlook: GBP/USD Tests Key Support While Fed Fuels Dollar Resurgence
Michael Boutros, FOREX.com Senior Market Analyst, analyzes GBP/USD after the Bank of England held rates at 3.75% while the Federal Reserve adopted a more hawkish tone that strengthened the U.S. dollar. He explains how diverging central bank policies are influencing sterling, why key GBP/USD support levels are now under pressure, and what traders should watch as markets reprice the path of interest rates.
Date:
18.06.2026 |
Source:
forex.com
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Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.146420 | -0.32864% |
| GBPUSD | 1.321160 | -0.5787% |
| USDJPY | 161.417000 | +0.54941% |
| XAUUSD | 4231.815000 | -0.60679% |
| USDCAD | 1.413890 | +0.28087% |
| NZDUSD | 0.575580 | -0.16824% |
| USDCHF | 0.804860 | +0.69561% |
| AUDUSD | 0.701880 | +0.072715% |
| EURGBP | 0.867700 | +0.32026% |
| EURJPY | 185.049000 | +0.2302% |
| GBPJPY | 213.260000 | -0.082928% |
| AUDJPY | 113.294000 | +0.59758% |
| CADJPY | 114.160000 | +0.27669% |
| CHFJPY | 200.519000 | -0.14342% |
| NZDJPY | 92.903000 | +0.30338% |
| GBPCHF | 1.063320 | +0.0687% |
| EURCHF | 0.922730 | +0.36001% |
| USDMXN | 17.362700 | +0.48615% |
| USDZAR | 16.436350 | +0.2357% |
| USDTRY | 46.430770 | +0.11227% |
| USDRUB | 73.321100 | +0.58413% |
| USDSEK | 9.583200 | +0.91871% |
| USDCNY | 6.770500 | +0.19683% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 18.06.2026 | ||||
| 23:30 | 🇯🇵 | Inflation Rate YoY (May) | 1.6 | 1.4 |
| 19.06.2026 | ||||
| 06:00 | 🇬🇧 | Retail Sales MoM (May) | 0.5 | -1.3 |
| 22.06.2026 | ||||
| 12:30 | 🇨🇦 | Inflation Rate YoY (May) | 2.9 | 2.8 |
| 23.06.2026 | ||||
| 07:30 | 🇩🇪 | S&P Global Manufacturing PMI (Jun) | 49 | 50.1 |
| 08:30 | 🇬🇧 | S&P Global Manufacturing PMI (Jun) | 53.4 | 53.9 |
| 08:30 | 🇬🇧 | S&P Global Services PMI (Jun) | 51.9 | 49.3 |
| 24.06.2026 | ||||
| 08:00 | 🇩🇪 | Ifo Business Climate (Jun) | 84.2 | 84.9 |
| 25.06.2026 | ||||
| 06:00 | 🇩🇪 | Consumer Confidence (Jul) | -30 | -29.8 |
| 12:30 | 🇺🇸 | Core PCE Price Index MoM (May) | 0.3 | 0.2 |
| 12:30 | 🇺🇸 | Durable Goods Orders MoM (May) | -3.2 | 7.9 |