{
  "id": 11477231,
  "title": "British Pound rebounds as NFP knocks out October Fed hike bets",
  "url": "https://urgent.news/2026/10/02/british-pound-rebounds-as-nfp-knocks-out-october-fed-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T15:56:09.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-rebounds-as-nfp-knocks-out-october-fed-hike-bets-202610021556"
  },
  "original_language": "en",
  "account": "The British Pound (GBP) experienced a notable rebound against the US Dollar (USD) on Friday, following the release of the US Nonfarm Payrolls (NFP) data that raised concerns about the possibility of a Fed rate hike in October. The GBP/USD exchange rate climbed to 1.3250, bouncing off the daily low of 1.3200. The US unemployment rate increased to 4.2% in September, with the economy adding only 29,000 jobs, significantly below the estimated 90,000. Earlier in the week, traders adjusted their expectations regarding the Fed's stance, with odds at 79% that the central bank would maintain interest rates steady and price out a rate hike in October, according to Prime Terminal. The US 10-year Treasury yield rose to 5.256%, indicating a modest increase of nearly 1.5 basis points. Meanwhile, the UK economic calendar remained quiet, but Andy Burnham's suggestion that the UK might rejoin the European Union (EU) gained traction during his campaign for the 2016 referendum. The Bank of England's upcoming speeches by Mann and Lombardelli, along with the release of the ISM Services PMI, FOMC minutes, jobless claims, and the University of Michigan Consumer Sentiment, will be closely watched in the coming week.",
  "summary": "The Pound Sterling (GBP) rises by over 0.41% against the US Dollar (USD) on Friday, as the US Unemployment Rate rises amid a worse-than-expected Nonfarm Payrolls report for September. At the time of writing, GBP/USD trades at 1.3250 after bouncing off daily lows beneath 1.3200.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Euronews",
        "title": "Eurozone inflation spikes to 3.8%: Is your country on the worst list?",
        "url": "https://urgent.news/2026/10/02/eurozone-inflation-spikes-to-3-8-is-your-country-on-the-worst-list",
        "published": "2026-10-02T09:39:21.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Euro trims daily gains as Eurozone inflation accelerates above expectations",
        "url": "https://urgent.news/2026/10/02/euro-trims-daily-gains-as-eurozone-inflation-accelerates-above",
        "published": "2026-10-02T09:46:31.000Z"
      },
      {
        "outlet": "Le Monde English",
        "title": "Eurozone inflation jumps to 3.8%, three-year high",
        "url": "https://urgent.news/2026/10/02/eurozone-inflation-jumps-to-3-8-three-year-high",
        "published": "2026-10-02T11:55:51.000Z"
      }
    ]
  },
  "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."
}