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GBPUSD holds 1.33735 after a 17.7 pip Asia range

UK CPI y/y is scheduled for 2026-10-21 06:00 UTC, 444 minutes away, impact 3 of 3

GBPUSD · Asia session · Published Oct 20, 2026, 10:35 PM

GBPUSD last traded at 1.33735, inside an Asia session that has run 17.7 pips between 1.33707 and 1.33884. The nearest level above is the round number at 1.34000, 26.5 pips away, with the prior day high at 1.34094, 35.9 pips above. Below sit the prior week high at 1.33718, 1.6 pips lower, and the previous session low at 1.33415, 32 pips below.

The New York session ran 67.9 pips between 1.33415 and 1.34094 and closed at 1.33800. The prior trading day covered 110.3 pips, and an ordinary day of the last 14 covers 79.4 pips. The latest day sits at the 93rd percentile of the last 42 days we hold, which the volatility source calls an unusually wide day for this market.

The GBP CPI y/y release is scheduled for 2026-10-21 06:00 UTC, with a forecast of 3.4% against a previous 3.1%. Over 21 past releases of this family, GBPUSD moved 9.66 pips on average in the first 15 minutes and 13.99 in the first 60, in either direction. BoE Governor Bailey speaks at 2026-10-21 13:00 UTC, and past speech events moved the pair 4.08 pips on average in the first 15 minutes and 6.85 in the first 60.

Large speculators are net short 106964 contracts in the CFTC report of 2026-10-13, a change of -9353 on the week and the 0th percentile of the last 52 weekly reports. Among headlines graded 2 of 3 for GBPUSD, FXStreet at 2026-10-20 18:10 UTC led on UK inflation, and at 2026-10-20 17:46 UTC reported a BoE official warning that stalled wage disinflation raises inflation risks.

Session brief

  1. GBPUSD, Asia sessionOpen 1.33726, high 1.33884, low 1.33707, close 1.33735: a range of 17.7 pips over 81 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 1.33430, high 1.34094, low 1.33415, close 1.33800: a range of 67.9 pips over 540 minutes, from our own one-minute candles.
  4. GBPUSD, previous trading dayHigh 1.34094, low 1.32991, close 1.33800 on 2026-10-20, a range of 110.3 pips, from our own candles on the trading day that starts 17:00 New York.
  5. GBPUSD daily rangeAn ordinary day of the last 14 covers 79.4 pips. The latest day sits at the 93rd percentile of the last 42 days we hold, which is an unusually wide day for this market. Measured on our own candles.
  6. GBP CPI y/yScheduled 2026-10-21 06:00 UTC, impact 3 of 3. Forecast 3.4%. Previous 3.1%. From Forex Factory.
  7. GBPUSD reaction to cpi_gbpOver 21 past releases GBPUSD moved 9.66 pips on average in the first 15 minutes and 13.99 in the first 60, in either direction. Measured on our own one-minute candles.
  8. GBPUSD reaction to speech_gbpOver 26 past releases GBPUSD moved 4.08 pips on average in the first 15 minutes and 6.85 in the first 60, in either direction. Measured on our own one-minute candles.
  9. CFTC Commitments of Traders, 096742Large speculators are net short 106964 contracts, a change of -9353 on the week. That is the 0th percentile of the last 52 weekly reports.
  10. Forex Today: UK inflation comes to the foreFXStreet. Graded impact 2 of 3 for GBPUSD by our headline classifier.
  11. BoE’s Greene warns stalled wage disinflation raises inflation risksFXStreet. Graded impact 2 of 3 for GBPUSD by our headline classifier.

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.