{
  "id": 3286508,
  "title": "British Pound: Range-bound against US Dollar ahead of Budget – Scotiabank",
  "url": "https://urgent.news/2026/08/25/british-pound-range-bound-against-us-dollar-ahead-of-budget-scotiabank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T15:08:19.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-range-bound-against-us-dollar-ahead-of-budget-scotiabank-202608251508"
  },
  "original_language": "en",
  "account": "Scotiabank analysts Shaun Osborne and Eric Theoret indicate the British pound (GBP) is currently trading within a narrow 1.36 range against the US dollar (USD), as market activity remains subdued. This range is in stark contrast to the broader USD movements, which reflect softer yield spreads reducing the fundamental support for GBP. The recent shift in leadership to Prime Minister Burnham has lifted market sentiment, but fiscal uncertainty looms ahead of the October 28 Autumn Statement, keeping short-term technicals bullish. The GBP's price is hovering around 1.3650, near the May highs, with no immediate technical resistance identified above 1.3800. Support is forecasted around 1.3500. The RSI is near the overbought zone of 70, suggesting the recent rally may be peaking. Analysts anticipate GBP/USD to remain range-bound between 1.3600 and 1.3700 in the near term.",
  "summary": "Scotiabank strategists Shaun Osborne and Eric Theoret highlight GBP/USD consolidating in a tight mid-1.36 range as a quiet data and Bank of England (BoE) calendar contrasts with softer yield spreads, which have eroded some fundamental support.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro remains depressed against British Pound despite upbeat German GDP figures",
        "url": "https://urgent.news/2026/08/25/euro-remains-depressed-against-british-pound-despite-upbeat-german",
        "published": "2026-08-25T07:11:15.000Z"
      }
    ]
  },
  "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."
}