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GBPUSD holds 1.31978 in a 16.7 pip Asia range

UK GDP m/m, graded 3 of 3, is due at 06:00 UTC

GBPUSD · Asia session · Published Oct 14, 2026, 10:35 PM

GBPUSD last traded at 1.31978, inside an Asia session that has run 16.7 pips between 1.31822 and 1.31988. The nearest level above is the round number at 1.32000, 2.2 pips away, and the nearest below is the prior week low at 1.31844, 13.4 pips below.

New York closed at 1.31928 after a 135.6 pip range, with a high of 1.32726 and a low of 1.31370. The prior trading day covered 138.4 pips, against an ordinary day of 72.4 pips; the latest day sits at the 100th percentile of the last 43 days, which the source calls an unusually wide day for this market.

The calendar lists releases of impact 2 or 3 in the next 24 hours, starting with a Fed Governor Bowman speech at 02:55 UTC and two BoE speeches at 03:40 UTC. The UK GDP m/m release at 06:00 UTC carries a forecast of -0.1% and a previous of 0.4%; over 51 past gdp_gbp releases GBPUSD moved 6.19 pips on average in the first 15 minutes and 11.33 in the first 60, in either direction.

Large speculators are net short 97611 contracts, a weekly change of -6536, the 4th percentile of the last 52 weekly reports. The headlines graded for GBPUSD include a Fed speaker calling inflation too hot and a market wrap on a hot CPI print, both graded impact 2 of 3.

Session brief

  1. GBPUSD, Asia sessionOpen 1.31889, high 1.31988, low 1.31822, close 1.31978: a range of 16.7 pips over 90 minutes, from our own one-minute candles.
  2. GBPUSD reference levelsPrevious day and previous week high and low, the session open and the round numbers either side, measured on our own candles.
  3. GBPUSD, New York sessionOpen 1.32659, high 1.32726, low 1.31370, close 1.31928: a range of 135.6 pips over 540 minutes, from our own one-minute candles.
  4. GBPUSD daily rangeAn ordinary day of the last 14 covers 72.4 pips. The latest day sits at the 100th percentile of the last 43 days we hold, which is an unusually wide day for this market. Measured on our own candles.
  5. Economic calendar for GBP and USD8 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-15 22:35 UTC. Our calendar covers up to 2026-11-13 00:00 UTC.
  6. GBPUSD reaction to gdp_gbpOver 51 past releases GBPUSD moved 6.19 pips on average in the first 15 minutes and 11.33 in the first 60, in either direction. Measured on our own one-minute candles.
  7. CFTC Commitments of Traders, 096742Large speculators are net short 97611 contracts, a change of -6536 on the week. That is the 4th percentile of the last 52 weekly reports.
  8. Fed’s Goolsbee warns hot CPI unacceptable as services inflation bitesFXStreet. Graded impact 2 of 3 for GBPUSD by our headline classifier.
  9. GBP GDP m/mScheduled 2026-10-15 06:00 UTC, impact 3 of 3. Forecast -0.1%. Previous 0.4%. From Forex Factory.

Written once by FxMind's desk from our own market data, the same text every reader sees.

Context on the market, not a trade recommendation. The decision is the trader's.