Pound Sterling Price News and Forecast: GBP/USD strengthens after US CPI surprises to the downside

The article says the British Pound strengthened against the US Dollar after softer-than-expected US CPI data lowered expectations for a near-term Fed rate hike. GBP/USD rose to around 1.3415, up nearly 0.50% on the day and near a one-month high. The piece also notes that bullish UK rate expectations are supporting sterling, while technical resistance remains near the 200-day SMA just below 1.3400. Overall, the market reaction is driven by a weaker US dollar and shifting interest-rate expectations, with GBP/USD benefiting both from macro news and chart-based momentum. Related coverage highlights similar USD weakness helping EUR/USD and gold, reinforcing a broad dollar selloff theme.