{
  "id": 3449770,
  "title": "British Pound edges lower below 1.3650 as traders await US PCE release",
  "url": "https://urgent.news/2026/08/26/british-pound-edges-lower-below-1-3650-as-traders-await-us-pce-release",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T06:56:39.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/british-pound-edges-lower-below-13650-as-traders-await-us-pce-release-202608260656"
  },
  "original_language": "en",
  "account": "The British Pound slipped below 1.3650 during early European trading on Wednesday, as traders remained cautious ahead of the US Personal Consumption Expenditures (PCE) Price Index data release. The US Dollar gained against the British Pound, fueled by concerns over surging long-term borrowing costs following Treasury Secretary Scott Bessent's announcement of increased bond buyback operations by the US Department of the Treasury. The pair edged lower to near 1.3625 in the early hours of the trading session. However, traders will closely watch the upcoming US PCE inflation data for further guidance on the US Dollar's direction. Fed Chair Kevin Warsh's speech at the Jackson Hole symposium on Friday could provide additional insights into potential US interest rate movements. The Bank of England's Governor Andrew Bailey had previously warned about the impact of Middle East conflict on global energy and oil prices, which could cause volatility in inflation. Despite some recent improvements in market sentiment, strategists at Scotiabank caution that fiscal risks remain elevated heading into the Autumn Statement in October. The technical analysis indicates a near-term bullish bias for GBP/USD, with the pair hovering above the 100-day simple moving average and the 20-day Bollinger middle band. Breaking above the Bollinger upper band at 1.3675 could propel the pair toward the psychologically significant 1.3700 level.",
  "summary": "The GBP/USD pair declines to near 1.3625 during the early European trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) as markets turn cautious ahead of the US July Personal Consumption Expenditures (PCE) Price Index data, which is due later on Wednesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Pound Sterling's six-month high has no British test this week",
        "url": "https://urgent.news/2026/08/25/pound-sterlings-six-month-high-has-no-british-test-this-week",
        "published": "2026-08-25T23:01:27.000Z"
      },
      {
        "outlet": "Nairametrics",
        "title": "Naira trades at N1,838/£1 against British pound as traders await US inflation data",
        "url": "https://urgent.news/2026/08/26/naira-trades-at-n1-838-1-against-british-pound-as-traders-await-us",
        "published": "2026-08-26T07:45:06.000Z"
      }
    ]
  },
  "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."
}