GBP/USD news for October 16, 2026
The pound has been moving on hot US inflation data, with CPI and PPI prints shaping expectations around Federal Reserve rate moves. GBP/USD has traded near and below 1.3300, with one report noting an 11-month low after US inflation data. Attention is also on speeches from Bank of England Governor Bailey and Fed official Warsh, alongside discussion of how many Bank of England rate hikes may be needed.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the GBP/USD page.
Headlines (9)
First seen on October 16
- British Pound softens below 1.3300 on hot US PPI, eyes on speeches from Bailey, WarshFXStreet
- GBP/USD Price Forecast: Extends recovery to near 1.3300 ahead of Fed Warsh’s speechFXStreet
Carried over from earlier days
- BOE’s Pill ‘Skeptical’ Four Rate Rises Needed to Tame InflationThe Wall Street Journal
- British Pound slides as US CPI lifts Fed rate-hike expectationsFXStreet
- Forex Today: More US inflation alongside jobs in OzFXStreet
- 3.7% US inflation sends the Pound to an 11-month lowFXStreet
- Why we now expect two Bank of England rate hikesING Think
- BoE to hike interest rates by 25 bps to 4% in November – Reuters pollFXStreet
- British Pound surges as hot US PPI fails to revive Fed hike betsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, October 16 | ||
| BOE Gov Bailey Speaks | GBP | |
| Fed Chairman Warsh Speaks | USD | |
| Import Prices m/m | 0.9% | USD |
| Capacity Utilization Rate | 76.5% | USD |
| Industrial Production m/m | 0.4% | USD |
| Federal Budget Balance | -34.7B | USD |
| TIC Long-Term Purchases | 75.2B | USD |
| Treasury Currency Report | USD | |