GBP/USD Flatlines Near Six-Month Highs Ahead of Key US Events

The British Pound (GBP) has continued its steady climb against the US Dollar (USD), hovering near six-month highs around 1.3630.

This flatline is largely due to investors adopting a 'wait-and-see' stance, awaiting key US events including the release of inflation data on Wednesday and the Jackson Hole central bankers' summit on Friday.

The absence of significant macroeconomic releases has contributed to unusually low FX volatility, with market consensus pointing towards sticky inflationary pressures that could prompt further calls for monetary tightening from Fed hawks.