GBP/USD

GBP/USD Weekly Special Report based on 1.00 Lot Calculation:

EVENTS:

• WEDNESDAY, OCTOBER 8 AT 19:00 GMT+1: US FEDERAL RESERVE (FOMC) LAST MEETING MINUTES. The US Fed held its last interest rate policy meeting on September 17, deciding to cut rates to 4.25%. The transcripts, however, from that meeting are announced three weeks after the meeting, on October 8. At the last meeting, the Fed decided to cut rates and projected it would cut two more times by the end of 2025. Similar messages are expected to be carried by the last meeting transcripts on Wednesday (October 8), which could put negative pressure on the US dollar, and positive pressure for the GB/PUSD currency pair.
• THURSDAY, OCTOBER 9 AT 13:30 GMT+1: US FEDERAL RESERVE (FED) CHAIR JEROME POWELL SPEAKS. Federal Reserve Chair Jerome Powell will deliver opening remarks at a banking conference in Washington, D.C. Comments on the Fed policy could be expected to be made, too, which could increase volatility in GBP/USD prices.
• TUESDAY, OCTOBER 14 AT 07:00 GMT+1: UK EMPLOYMENT CHANGE AND UNEMPLOYMENT RATE (AUGUST). In July, data showed higher than expected figures (232,000 vs. 220,000 expected). If data continues to come in positive that could encourage Bank of England to keep rates unchanged for an extended period of time. This in turn could support the GBP/USD currency pair prices. Unemployment rate, on the other hand, has remained stable at 4.7% since May.
• THURSDAY, OCTOBER 16 AT 07:00 GMT+1: UK GROSS DOMESTIC PRODUCT (GDP) (AUGUST). The UK monthly economic activity, measured by its GDP, has recently come in at 0%. This, however, is still higher than May’s negative -0.1% growth rate or April’s negative -0.3% growth rate.

US FEDERAL RESERVE INTEREST RATE CUT CYCLE STARTS

• BREAKING (SEPTEMBER 17): US FEDERAL RESERVE CUT INTEREST RATE TO 4.25% FROM 4.50%, ITS FIRST INTEREST RATE CUT SINCE DECEMBER 2024. The Federal Reserve policymakers said they expect to see 2 more rate cuts by the end of 2025, to slash current rates to 3.75%.
• NEXT FEDERAL RESERVE MEETING AND INTEREST RATE DECISION: October 29. Interest rates are expected to be further cut to 4.00%.
• DECEMBER 10: The US Federal Reserve is expected to finish the year 2025 by cutting the rates to 3.75% on December 10.

BANK OF ENGLAND INTEREST RATE DECISION

• THURSDAY, NOVEMBER 06 AT 12:00 GMT+1: BANK OF ENGLAND INTEREST RATE DECISION. With the Bank of England’s base rate currently at 4.00%, the odds of another interest rate cut by the BoE are low. A pause on interest rate cuts could provide positive pressure for the British pound and overall for the GBPUSD currency pair.

TECHNICAL ANALYSIS:

• SUPPORT AREA: 1.3330 – 1.3200. The GBP/USD currency pair has maintained the area relevant since April 2024, testing it more than couple of times. However, there remains a risk of a potential breakout below these levels if market conditions change.
• CURRENT UPTREND (SINCE JANUARY 2025): The GBP/USD currency pair has tested levels between 1.21 and 1.22 in January, and since then, it has been moving in uptrend, marking a tear to date increase of around 7%.

GRAPH (Daily): January 2025 – October 2025

Please note that past performance does not guarantee future results

GBP/USD, October 8, 2025.
Current Price: 1.3400

Example of calculation base on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 13:00 (GMT+1) 08/10/2025

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than suggested one.
• Trailing stop technique could protect the profit.