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At close · Thu, Sep 3, 2026
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Home›Forex›Major Pairs›GBP/USD holds near 1.3500 to 1.3600 as BoE tightening…

GBP/USD holds near 1.3500 to 1.3600 as BoE tightening seen

Scotiabank expects markets to price additional BoE hikes in November and December, while traders monitor fiscal risks tied to the Autumn Statement.

Reported · Written up by our desk · Major Pairs

Scotiabank strategists Shaun Osborne and Eric Theoret said GBP/USD is slightly softer but still underpinned by expectations of further Bank of England tightening into year end.

They noted that with limited data scheduled before Friday, markets are pricing incremental BoE hikes for November and December.

The pair is seen constrained in a near term 1.3500 to 1.3600 range, even as the medium term trend is described as bullish, with traders watching fiscal risks around the Autumn Statement.

FXStreet also flagged that broader dollar moves remain a factor for currency pairs, including its note that the US dollar has been under pressure in recent sessions.

Latest closeGBP/USD 1.348 ▼0.2%

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Sources

FXStreetBritish Pound: Supportive BoE outlook with range trade against US Dollar – Scotiabank

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