GBP/USD rebounded toward 1.3250 after dropping to a 16-week low near 1.3160 following hotter-than-expected U.S. inflation data. Sterling was helped by UK GDP rising 0.1% in August against expectations of a 0.1% contraction, and by a pullback in U.S. Treasury yields that let the dollar give back part of its post-CPI gains. U.S. CPI rose 3.7% year on year in September, with core inflation at 2.6%, lifting expectations of another Fed hike; ING expects that move in December, while MUFG doubts the two further hikes priced by markets. UoB said GBP must hold above 1.3230 to sustain the recovery, with the 2026 low around 1.3140 a key downside level.
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Read the original on currencynews.co.uk ↗
Related tickers and likely impact
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/14/2026 | 102.52 |
| Change that session | +0.32% |
GBP/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/14/2026 | 1.31962 |
| Change that session | -0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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