The GBP/USD exchange rate wavered after a report showed that the UK economy slowed in the fourth quarter of last year. It also remained in a tight range after a report showed that the US inflation pulled back in January, raising the possibility of more Federal Reserve interest rate cuts this year. It was trading at 1.3655, down from the year-to-date high of 1.3870.
GBP/USD Forex Signal: Eyes a Rebound Ahead of UK Inflation Data – 16 February 2026
