# GBP/USD Price Forecast: Strengthens above 1.3350, but retains bearish tone below 100-day SMA

> GBP/USD traded near 1.3380 in early European trade on Friday, extending gains as markets digested the UK autumn budget. The pair remained below its 100-day SMA, and markets priced about 75% odds of a December US rate hike.

- Date: 2026-10-30 · published 2026-11-01T17:12:01.736Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/17323-gbp-usd-price-forecast-strengthens-above-1-3350-but-retains-bearish-tone-below
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sterling's modest recovery and the pricing of further Fed tightening shape the currency conditions for UK import costs and dollar-priced grain and oilseed trade, with limited direct price effect.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gbp-usd-price-forecast-strengthens-above-13350-but-retains-bearish-tone-below-100-day-sma-202610300553

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.