Is GBP/USD entering a period where politics matters as much as economics?
Sterling starts H2 2026 facing a more challenging backdrop, with UK political change, slowing growth, and persistent inflation complicating the currency's outlook.
In GBP/USD: A Tale of Two Political Risks, our research team assesses the key factors likely to drive the pair in the months ahead, including UK fiscal credibility and Bank of England policy, as well as US midterm risks and Federal Reserve expectations.
📊 Read our latest outlook and discover where we see the balance of risks for GBP/USD.










