LONDON — October 09, 2026: The British Pound bounced modestly toward 1.3230 on Friday, defending its critical 1.3175–1.3200 support floor after dovish commentary from Federal Reserve Governor Christopher Waller curbed dollar demand.
Sterling had come under renewed selling pressure earlier in the week as latest wage data indicated cooling average weekly earnings, boosting expectations that the Bank of England may accelerate its easing cycle before year-end. Traders are also eyeing the upcoming UK Autumn budget, which is anticipated to introduce fiscal adjustments that could weigh on domestic growth.
Trading Levels
- Crucial Floor: 1.3175 – 1.3200.
- Overhead Cap: 1.3300 and 1.3330.
- Trading Bias: Neutral to slightly bullish while holding above the 200-hour moving average.
Disclaimer: Market analysis and currency data provided on EarnFree.in are strictly for informational and educational purposes. EarnFree is not a SEBI-registered advisory entity.
