Economic data

British Pound retreats further, US Dollar picks up with the Fed in the spotlight

FXStreet26 October 2026, 10:57 UTCUnited Kingdom

The British Pound (GBP) extends its reversal from the five-week highs reached against the US Dollar (USD) last week, as investors trim USD short positions ahead of the Federal Reserve’s (Fed) monetary policy meeting, due on Wednesday.

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