GBP/USD Stabilizes Near 1.3600 as Traders Await Jackson Hole Clues

The British Pound (GBP) held steady to near 1.3600 against the US Dollar (USD) on Friday, despite easing expectations for an interest rate hike by the Bank of England (BoE) this year.

Traders shifted their attention to the annual symposium on monetary policy at Jackson Hole in the US, where Federal Reserve Chair Kevin Warsh is expected to deliver a speech that could provide clues on his policy outlook and how the central bank plans to bring inflation back to its 2% target.

The recent decline in Brent crude oil prices has eased immediate inflation concerns, leading money markets to push back expectations for the BoE's next interest rate hike from late 2026 into early 2027.