Fundamental Market Analysis for September 30, 2026 GBPUSD
Event to watch today:
15:30 EET. USD - Change in GDP volume quarter-on-quarter
GBPUSD:
The pound is approaching the European session near three-month lows, although the domestic backdrop in the UK does not appear unequivocally weak. The market anticipates a more hawkish trajectory from the Bank of England due to inflationary pressures, and statements on fiscal discipline have partially supported British assets. These factors limit the pace of GBP/USD decline but have not yet formed a sustained bullish momentum for the pound.
The key external factor remains the divergence between high yields in the US and the more vulnerable valuation of British assets. The dollar is supported by strong US economic data and expectations of another Fed rate hike this year.
Trading idea: SELL 1.3240, SL 1.3270, TP 1.3180
