ForexMedium•1 October 2026•
1 min read
GBP Surges Against USD and AUD Following Soft Inflation Data
Key Facts
1The GBP/USD exchange rate surged toward 1.33 following US inflation data that triggered a correction in the Greenback.
2GBP/AUD hit a two-month high after the publication of Australia's latest consumer price index showed softer-than-expected inflation.
The GBP/USD exchange rate surged toward the 1.33 level following US inflation data that triggered a correction in the Greenback. According to exchangerates.org.uk, the Pound's appreciation followed the release of the US consumer price index for September 2026, which led to a broader decline in the US Dollar.
The British Pound also hit a two-month high against the Australian Dollar after the publication of Australia's latest consumer price index showed softer-than-expected inflation. Lower inflation data in both the US and Australia reduced hawkish expectations for the Federal Reserve and the Reserve Bank of Australia, providing a bullish catalyst for the Pound across major pairs.