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GBP/USD declined to six-month lows and registered a down week, briefly falling below 1.3150. Sterling weakness came from UK budget concerns and a US dollar rebound, with the pair also breaking below its 200-day moving average.
Technical breakdown and budget risk point to continued sterling weakness, which raises the sterling cost of dollar-priced feed. The Bank of England decision is the next near-term catalyst for the currency.
fxstreet.comDhwani MehtaOct 31, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
