British Pound Technical Outlook: GBP/USD Reversal Threatens October Recovery
Sterling’s sharp retreat from major resistance puts critical support in focus, raising the stakes for GBP/USD ahead of the Fed decision.
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British Pound Technical Outlook: GBP/USD Multi-Timeframe Analysis
UK budget risk for the British pound centers on rising borrowing costs, as gilt yield moves can add pressure to sterling inside its yearly range. Michael Boutros, StoneX Media Senior Market Analyst, walks through the British pound on three time frames and the event risk lined up into month-end. Rising UK gilt yields and borrowing costs are pressuring public finances, while inflation keeps markets projecting further Bank of England tightening. With a Fed hold fully priced, the focus shifts to dissenters and December, then core PCE inflation and U.S. third-quarter GDP into the monthly close.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
Key GBP/USD Economic Data Releases
Economic Calendar - latest economic developments and upcoming event risk.
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--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex
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