Live Updates > Live Update Details
2025-10-30 17:33:31
[Pound Sterling in Crisis: Year-to-Date Low Hangs by a Hair's Brace, Downward Channel May Be Opening] ⑴ The pound fell to a year-to-date low of 1.3140 after the Fed's decision, despite the expected rate cut, although Powell denied certainty about a December rate cut. ⑵ Policy uncertainty fueled dollar buying, with the market pricing in a December rate cut probability down to 74%. ⑶ Although the exchange rate rebounded to around 1.3200, the overall risk remains skewed to the downside. ⑷ Technical analysis suggests the exchange rate may effectively break below the year-to-date low, opening up room for a test of the 1.3000 level. ⑸ Expectations of a Bank of England rate cut continue to loom over the market, prompting short sellers to position themselves in advance. ⑹ The 200-day moving average at 1.3245 forms a key resistance level; a break above this level is unlikely to change the weak trend.
