Pound slips below 1.3350 ahead of UK budget and Fed decision: Oct 28, 2026
The pound has extended a four-day slide to below 1.3350, moving off its high as the US dollar picked up. The moves come ahead of the UK Autumn Budget and the FOMC rate decision on Wednesday, with no surprises expected from the Fed.
Updated
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Headlines (11)
Carried over from earlier days
- 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
- 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
- Morning Kickstart: Dollar mostly higher as yields ease ahead of the FedInvestingLive
- British Pound extends 4-day slide as Fed decision, UK budget loomFXStreet
- Forex Today: No surprises expected from the FedFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 28 | ||
| BRC Shop Price Index y/y | GBP | |
| Autumn Forecast Statement | GBP | |
| Annual Budget Release | GBP | |
| Prelim Wholesale Inventories m/m | 0.5% | USD |
| Goods Trade Balance | -130.4B | USD |
| Crude Oil Inventories | 0.1M | USD |
| Federal Funds Rate | 4.00% | USD |
| FOMC Statement | USD | |