Buy British pound - GBP Travel Money Compared

USD/GBP: Bearish-to-range-bound, below the 90-day avg and in the lower 3-month range. Fed nears neutral while BoE signals gradual easing; UK inflation easing supports the pound, but data can tilt. Watch US payrolls/UK data for moves. Bias Bearish-to-range-bound USD/GBP, current level below the 90-day average and in the lower half of the 3-month range. Key drivers - Rate gap: The Fed is expected to ease toward neutral while the BoE signals only gradual easing; the narrowing gap supports a firmer pound, though any unexpected US data can quickly tilt the balance. - Macro factor: UK inflation is expected to ease toward the BoE target later in 2026, supporting a steadier path for the pound, while domestic growth remains a watchpoint. - Risk appetite: Global risk mood and energy price moves influence sterling differently than the dollar, shaping its direction through inflation expectations and trade dynamics. Range The pair is likely to drift within the recent 3-month range, staying nearer the lower end amid light liquidity and data catalysts. What could change it - Upside risk: A hawkish Fed tone or stronger US payrolls data that keeps the dollar firm and pushes USD/GBP higher, especially if UK data stays soft. - Downside risk: Strong UK data or a softer dollar driven by bets of faster Fed easing that pushes USD/GBP lower, particularly if European currencies catch a bid