Pound Sterling Price News and Forecast: GBP/USD rises toward 1.3500
FXStreet
Last updated: May 26, 2026
The British Pound (GBP) is experiencing a significant rise against the US Dollar (USD), approaching the 1.3500 level. This upward movement is primarily driven by an improved market sentiment stemming from optimism regarding a potential US-Iran agreement, which is concurrently weakening the US Dollar.
- The GBP/USD pair has climbed by 0.54% and is trading near its highest point since May 14. This recovery builds on earlier gains, moving away from last week's low of approximately 1.3300. The strengthening is supported by a generally weaker US Dollar.
- The pair is currently trading near 1.3480 during the Asian session. The weakening of the USD against the GBP is attributed to positive signals from the US and Iran concerning progress in peace talks. Trading volumes are anticipated to be subdued due to the US Memorial Day holiday.
