{
  "id": 7961940,
  "title": "GBP/USD Price Forecast: Trades vulnerable below 1.3400 ahead of BoE’s policy decision",
  "url": "https://urgent.news/2026/09/17/gbp-usd-price-forecast-trades-vulnerable-below-1-3400-ahead-of-boes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T05:37:57.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gbp-usd-price-forecast-trades-vulnerable-below-13400-ahead-of-boes-policy-decision-202609170537"
  },
  "original_language": "en",
  "account": "The British Pound (GBP) is experiencing significant pressure against the US Dollar (USD) as early European trading commenced on Thursday, maintaining recent losses near the 1.3378 mark. The GBP/USD pair remains susceptible due to the US Dollar's strong performance following the Federal Reserve's (Fed) monetary policy announcement on Wednesday. It is anticipated that the GBP will remain highly volatile ahead of the Bank of England (BoE) monetary policy decision scheduled for 11:00 GMT. Economists at Brown Brothers Harriman (BBH) predict that the BoE will most likely keep the policy rate at 3.75% for the sixth consecutive meeting, with a 6-3 vote expected. Strategists Catherine L Mann, Megan Greene, and Huw Pill are anticipated to support a 25 basis points increase, while the majority will likely opt for no change. Should the BoE maintain the status quo, the Pound Sterling's market reaction will primarily depend on inflation rates and the monetary policy outlook. On Wednesday, the Consumer Price Index (CPI) indicated that headline inflation increased to 3.1% Year-over-Year (YoY) in August from 2.9% in July, with the core figure remaining unchanged at 2.6% YoY. The GBP/USD pair is currently trading at 1.3381, displaying a bearish near-term sentiment as the price is situated below the 20-period exponential moving average (EMA) at 1.3498. The pair has retreated from recent highs and now trades beneath this short-term trend indicator, implying that rallies may be limited while the EMA remains above it. The Relative Strength Index (14) is trending towards the low-30s, signaling possible oversold conditions but not strongly enough to counteract the prevailing resistance. The immediate resistance is the 20-period EMA at 1.3498, and a successful breakthrough above this level would alleviate the current bearish outlook, potentially paving the way for a more substantial corrective bounce. Conversely, the July 30 low at 1.3333 serves as the crucial support level, followed by the July 28 low at 1.3274.",
  "summary": "The British Pound (GBP) is under severe pressure against the US Dollar (USD) during the early European trading session on Thursday, holding onto recent losses near 1.3378.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD rises to near $64.00 as oil prices decline",
        "url": "https://urgent.news/2026/09/17/silver-price-forecast-xag-usd-rises-to-near-64-00-as-oil-prices",
        "published": "2026-09-17T01:59:02.000Z"
      }
    ]
  },
  "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."
}