Forex

GBP/USD Bounces Off Key Support Amid Shift in US Rate Expectations

Guavy AI Editorial Team Published September 30, 2026

Instruments

GBP

The British pound has been testing major support near $1.3194 as it attempts to rebound from its September downtrend, according to Michael Boutros, Senior Market Analyst at StoneX Media.

A recent upward revision to the UK's GDP has provided a boost for sterling, but it still needs to clear resistance near $1.3302-$1.3314 to strengthen the case for a near-term low.

A close below $1.3194 could put the yearly range at risk as US employment and inflation data shift rate expectations.

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