{
  "id": 17041797,
  "title": "British Pound ticks down against US Dollar ahead of key US economic releases",
  "url": "https://urgent.news/2026/10/29/british-pound-ticks-down-against-us-dollar-ahead-of-key-us-economic",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T09:17:58.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-ticks-down-against-us-dollar-ahead-of-key-us-economic-releases-202610290917"
  },
  "original_language": "en",
  "account": "The British Pound (GBP) slid to around 1.3312 against the US Dollar (USD) during Thursday's European trading session. As the US Dollar regained strength, financial markets remained confident in the Federal Reserve's (Fed) interest rate increase scheduled for December, following a steady stance in their policy meeting on Wednesday. Meanwhile, the US Dollar Index (DXY), which measures the Greenback's value against six major currencies, saw a slight rise to near 102.20. After a three-day winning streak, the USD Index pulled back on Wednesday due to a widely anticipated pause from the Fed, which left the fed funds rate unchanged at 3.75–4.00%, a decision backed by two dissenting votes favoring further rate hikes. Fed Chair Jerome Powell reiterated the Fed's dedication to bringing inflation back to 2%. Analysts at MUFG/BTMU stated that markets are pricing in an 87% probability of a rate increase in December, suggesting investors still anticipate more action this year. Investors are eagerly awaiting the United States' flash Q3 Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE) Price Index data for September, which will be released at 12:30 GMT. Estimates indicate that the US economy expanded at an annualized pace of 3.2%, surpassing the previous reading of 2.2%. The core PCE Inflation, the Fed's preferred gauge, is projected to be higher at 3.1% year-over-year compared to the previous reading of 3%. On the UK side, traders are anticipating the Bank of England's (BoE) monetary policy decision, expected to be announced the following week. The BoE is expected to raise interest rates by 25 basis points (bps) to 4%. In the daily chart, GBP/USD is trading at 1.3307, maintaining a slightly bearish near-term outlook as the price sits just below the 20-day exponential moving average (EMA) at 1.3318. The Relative Strength Index (RSI) is around 48, indicating consolidative rather than trending momentum, making the pair vulnerable until it can reclaim the 1.3318 barrier. Should GBP/USD break above this level, it could help alleviate downside pressure and pave the way for a broader recovery.",
  "summary": "The British Pound (GBP) edges down to near 1.3312 against the US Dollar (USD) during the European trading session on Thursday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}