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GBPUSD at 1.32387, London range 24.6 pips

FOMC Meeting Minutes at 18:00 UTC is the next high-impact release on the calendar

GBPUSD · London session · Published Oct 7, 2026, 8:30 AM

GBPUSD last traded at 1.32387, inside a London session that has run 24.6 pips between 1.32545 and 1.32300. The nearest level above is the previous session high at 1.32766, 37.9 pips away, and the nearest below is the previous session low at 1.32421, 3.4 pips away.

The Asia session closed at 1.32520 after a 34.6 pip range, leaving the pair below its open of 1.32710. An ordinary day of the last 14 covers 70.2 pips, and the latest day sits at the 86th percentile of the last 42 days we hold, which is a busy day for this market.

The calendar lists 8 releases of impact 2 or 3 in the next 24 hours, with the FOMC Meeting Minutes at 18:00 UTC carrying impact 3 of 3. Past fomc_usd releases moved GBPUSD 9.45 pips on average in the first 15 minutes and 17.70 in the first 60, in either direction.

Large speculators are net short 91075 contracts, a change of -8507 on the week, the 6th percentile of the last 52 weekly reports. Headlines graded 2 of 3 for GBPUSD include FXStreet at 07:51 UTC on the Australian Dollar and at 06:55 UTC on the US Dollar ahead of the FOMC Minutes.

Session brief

  1. GBPUSD, London sessionOpen 1.32520, high 1.32545, low 1.32300, close 1.32387: a range of 24.6 pips over 91 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, Asia sessionOpen 1.32710, high 1.32766, low 1.32421, close 1.32520: a range of 34.6 pips over 585 minutes, from our own one-minute candles.
  4. GBPUSD daily rangeAn ordinary day of the last 14 covers 70.2 pips. The latest day sits at the 86th percentile of the last 42 days we hold, which is a busy 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 2026-10-08 08:30 UTC. Our calendar covers up to 2026-11-06 00:00 UTC.
  6. GBPUSD reaction to fomc_usdOver 117 past releases GBPUSD moved 9.45 pips on average in the first 15 minutes and 17.70 in the first 60, in either direction. Measured on our own one-minute candles.
  7. CFTC Commitments of Traders, 096742Large speculators are net short 91075 contracts, a change of -8507 on the week. That is the 6th percentile of the last 52 weekly reports.
  8. Australian Dollar pulls back from one-week top as USD stays firm ahead of FOMC MinutesFXStreet. Graded impact 2 of 3 for GBPUSD by our headline classifier.
  9. USD FOMC Meeting MinutesScheduled 2026-10-07 18:00 UTC, impact 3 of 3. 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.