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2025-09-17 17:45:57
[Pound Sterling Under Pressure Ahead of the Fed Decision, 1.3650 Becomes a Focus for Bulls and Bears] ⑴ After falling to 1.3630 against the US dollar in early London trading, the British pound re-approached the key 1.3650 option level, corresponding to the key option threshold expiring at 10:00 AM New York time (10:00 PM Beijing Time on Wednesday). ⑵ The decline in the exchange rate was directly influenced by UK inflation data: September's CPI year-on-year increase reached 3.8% as expected, with 1.3630 reaching its lowest level since Tuesday's 10-week high of 1.3670. ⑶ The previous surge to 1.3670 was primarily driven by US dollar selling ahead of the Fed's decision, with the market generally expecting the Fed to announce a 25 basis point interest rate cut at 02:00 Beijing Time on Thursday. ⑷ The geopolitical event of the UK welcoming Trump's visit introduced additional volatility, but the magnetic effect of the 1.3650 option expiration price continued to dominate short-term trading.
