Pound climbs to 1.3400 on UK jobs beat and softer dollar: Oct 22, 2026
The pound rose to around 1.3400, near its September 16 highs and a five-week high, after stronger UK jobs and wage data. The move coincided with a subdued US dollar as yields turned lower, with focus on Bank of England expectations ahead of its meeting. Price extended above the 100-day moving average while facing resistance near 1.3410.
Updated
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Headlines (8)
First seen on October 22
Carried over from earlier days
- Pound Sterling: Jobs Print Triggers Gains Against Euro and Dollarpoundsterlinglive.com
- U.K. Wage Growth Picks Up Ahead of Bank of England MeetingThe Wall Street Journal
- Forex Today: Pound rises on upbeat employment data, US Dollar retreats as yields turn southFXStreet
- GBPUSD Technicals: The price extends gains and moves above the 100 day MA in the processInvestingLive
- British Pound surges to 1.3400 as UK jobs beat, Iran deal hopes growFXStreet
- Pound climbs to a five-week high on UK jobs and BoE talkFXStreet
- GBP/USD Rejection at 1.3410 Shows the Limits of a Fully Priced BoE HikeInvesting.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 22 | ||
| CBI Industrial Order Expectations | -20 | GBP |
| Unemployment Claims | 200K | USD |
| CB Leading Index m/m | -0.1% | USD |
| Natural Gas Storage | 80B | USD |
| GfK Consumer Confidence | -14 | GBP |
| Autumn Forecast Statement | GBP | |
| Friday, October 23 | ||
| Retail Sales m/m | -0.1% | GBP |
| Flash Services PMI | 51.8 | GBP |