Pound slips off high ahead of UK budget and Fed decision: Oct 26, 2026
The pound has slipped from its recent high as attention turns to the upcoming UK budget and Federal Reserve decision, with the US dollar picking up ahead of the Fed meeting. Bank of England expectations are also in focus as inflation heads above 4% and economists debate the path for interest rates, while 1.3420 was cited as a level for GBP/USD.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
Headlines (13)
First seen on October 26
- British Pound edges higher vs weak USD as focus remains glued to this week's FOMC meetingFXStreet
- Pound edges higher, outperforming as investor nerves rattle euro zone marketscontent-media.investing.com
- GBP/USD Price Forecast: Needs decisive break above 1.3420 for fresh upside legFXStreet
- Why Bank of England Hawks Are Gaining Ground as Inflation Heads Above 4%BeInCrypto
- British Pound: Upside scope toward 1.3440 against US Dollar – UOBFXStreet
- Sterling today: Pound slips as dollar holds firm ahead of Fed decisionInvesting.com
- British Pound: Stronger PMIs lean hawkish for BoE – Danske BankFXStreet
- British Pound retreats further, US Dollar picks up with the Fed in the spotlightFXStreet
- The Federal Reserve is set to hold rates this week: Why a December hike is virtually fully priced anywayFXStreet
- British Pound slips as Fed decision, UK budget test Sterling bullsFXStreet
- UK Budget and a Fed decision come next for a Pound off its highFXStreet
Carried over from earlier days
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 26 | ||
| CBI Realized Sales | -47 | GBP |
| Tuesday, October 27 | ||
| BRC Shop Price Index y/y | 1.6% | GBP |
| ADP Weekly Employment Change | USD | |
| Durable Goods Orders m/m | 2.0% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| HPI m/m | 0.2% | USD |
| S&P/CS Composite-20 HPI y/y | 2.6% | USD |
| New Home Sales | 651K | USD |