Pound slips below 1.3350 ahead of UK budget and Fed decision: Oct 27, 2026
The pound has slipped below 1.3350 as a firm US dollar puts pressure on sterling. Attention is on the UK Autumn Budget and the Federal Reserve rate decision on Wednesday, while UK inflation above 4% has put Bank of England hawks in focus.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the GBP/USD page.
The day on the wire
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Each tick is a headline first seen that day.
Headlines (10)
First seen on October 27
- UK shop price inflation ‘highest since 2024’ as retailers struggle to limit price risesThe Guardian
- British Pound remains depressed vs USD ahead of UK Autumn Budget and FOMC on WednesdayFXStreet
- British Pound edges lower below 1.3350 ahead of UK budget, Fed rate decisionFXStreet
- Sterling today: Pound dips on firm dollar as Fed, budget loomInvesting.com
Carried over from earlier days
- Interest rates unlikely to reach 4.75% by next summer, say City economistsThe Guardian
- 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 retreats further, US Dollar picks up with the Fed in the spotlightFXStreet
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| 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 |
| Richmond Manufacturing Index | 0 | USD |