{
  "id": 11352019,
  "title": "GBP/USD Price Forecast: Likely retest YTD low near 1.3140",
  "url": "https://urgent.news/2026/10/02/gbp-usd-price-forecast-likely-retest-ytd-low-near-1-3140",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T04:09:52.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gbp-usd-price-forecast-likely-retest-ytd-low-near-13140-202610020409"
  },
  "original_language": "en",
  "account": "During the Asian trading session on Friday, the British Pound (GBP) experienced a slight increase, trading at approximately 1.3208 against the US Dollar (USD). Simultaneously, the USD Index saw a marginal decline, reaching close to 101.93, following its record high of 102.20 earlier in the week. The US Dollar is anticipated to exhibit restraint as market participants anticipate the release of the United States Nonfarm Payrolls (NFP) data for September, scheduled to be announced at 12:30 GMT. Analysts at OCBC highlight \"this week's US labor market report\" as a critical factor influencing the Dollar's performance, noting that Bloomberg consensus anticipates \"nonfarm payrolls to increase by 90,000 in September, compared to 162,000 in August, with the unemployment rate remaining steady at 4.1%.\" While Federal Reserve (Fed) Chair Kevin Warsh emphasizes the significance of the four-week average of initial jobless claims as a timely indicator of labor market conditions, OCBC emphasizes that \"payrolls remain the market's preferred gauge of labor market health.\" Recent data indicates a downward trend in jobless claims, suggesting that labor market conditions remain robust, thereby amplifying the likelihood of an upward surprise in Nonfarm Payrolls. A more robust-than-anticipated employment report would likely bolster expectations of further Federal Reserve tightening, maintain elevated Treasury yields, and offer additional support for the USD.",
  "summary": "The British Pound (GBP) trades 0.1% higher at around 1.3208 against the US Dollar (USD) during the Asian trading session on Friday. The GBP/USD pair as the US Dollar Index trades slightly lower to near 101.93 after posting a fresh over-a-year high at 102.20 on Thursday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD slips below $60.50 amid rising inflation concerns",
        "url": "https://urgent.news/2026/10/02/silver-price-forecast-xag-usd-slips-below-60-50-amid-rising-inflation",
        "published": "2026-10-02T02:04:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}