{
  "id": 15032521,
  "title": "British Pound: Weekly outside reversal eyes 1.3650 against US Dollar – Scotiabank",
  "url": "https://urgent.news/2026/10/16/british-pound-weekly-outside-reversal-eyes-1-3650-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T17:28:49.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-weekly-outside-reversal-eyes-13650-against-us-dollar-scotiabank-202610161728"
  },
  "original_language": "en",
  "account": "Scotiabank analysts have noted that Bank of England Governor Bailey sees limited evidence of second-round inflation impacts in the UK, suggesting the economy is more resilient than anticipated. The market is pricing in a 25 basis points rate hike early next month, with current GBP/USD trading within a bullish weekly outside range. The analysts predict that the pound could retest the 1.3650-1.3675 level, with a key resistance point at 1.3435. Chancellor Healey plans to raise the corporation tax bank surcharge from 3% to 8% in the upcoming budget, aiming to bolster the UK's public finances.",
  "summary": "Scotiabank analysts highlight that Bank of England Governor Bailey sees little evidence of second-round inflation effects and a more resilient UK economy, with markets still pricing a 25bp hike next month.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "British Pound breaks 1.3350 as Warsh stays vague, BoE hike bets build",
        "url": "https://urgent.news/2026/10/16/british-pound-breaks-1-3350-as-warsh-stays-vague-boe-hike-bets-build",
        "published": "2026-10-16T15:40:19.000Z"
      }
    ]
  },
  "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."
}