Sterling traded around $1.3373 in Europe on Monday as its earlier advance stalled, while FXStreet's technical assessment put 1.3420 in focus ahead of a week of U.S. policy and economic releases.
FXStreet published its report at 2:14 a.m. EDT (06:14 UTC) on Oct. 26, putting GBP/USD near 1.3373. FXEmpire's quote page later showed 1.33732 at 2:31 a.m. EDT (06:31 UTC). Sterling was also above the 1.3360 low for Oct. 23 cited in an earlier EconoTimes snapshot of GBP/USD.
FXStreet's analysis, prepared with AI assistance, showed the pair at 1.3370. Its 20-day exponential moving average registered 1.3323, while the relative strength index was 54.8. The outlet treated 1.3420 as near-term resistance and said 1.3500 was another possible level if the pair moved decisively above it. These numbers come from chart analysis rather than an official exchange-rate reference.
The Federal Reserve's policy committee is scheduled to meet Oct. 27-28. On Sept. 16, the Fed raised its federal funds target range by 25 basis points to 3.75%-4.00%. The U.S. Bureau of Economic Analysis (BEA) has scheduled its advance estimate of third-quarter gross domestic product and September personal income and outlays, which include the Personal Consumption Expenditures price index, for Oct. 29 at 8:30 a.m. ET (12:30 UTC).
The Bank of England's Bank Rate is 3.75%. In September, six policymakers voted to hold the rate, while three favored raising it by 25 basis points to 4%. FXStreet and VT Markets have reported expectations of a quarter-point increase in November; the Bank has not announced such a move, and its minutes do not establish a specific market consensus for a hike.
The Bank's September minutes said the prolonged conflict in the Middle East contributed to further increases in crude and refined energy prices. They also reported U.K. CPI inflation of 3.1% in August and said it was likely to rise further over coming quarters. The Bank's next rate decision is scheduled for Nov. 5.
