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GBPUSD holds 1.32632 after a 12.4 pip London range

US CPI lands at 12:30 UTC, the top graded event for GBPUSD today

GBPUSD · London session · Published Oct 14, 2026, 8:30 AM

GBPUSD last traded at 1.32632, inside a London session that has run 12.4 pips between 1.32568 and 1.32693 since the 1.32692 open. The nearest level above is the prior session high at 1.32754, 12.2 pips away, then the prior week high at 1.32858, 22.6 pips up. Below sit the prior day high at 1.32593, 3.9 pips down, and the prior session low at 1.32474, 15.8 pips lower.

Asia traded 28.0 pips between 1.32474 and 1.32754 and closed at 1.32695. The prior trading day covered 54.8 pips, from 1.32044 to 1.32593, closing at 1.32550. An ordinary day over the last 14 runs 66.2 pips, and the latest day sits at the 40th percentile of the last 42 days, which the measure calls an ordinary day for this market.

The next scheduled release is US CPI at 12:30 UTC, graded 3 of 3, with CPI m/m forecast at 0.6% against a previous 0.4%. Across 67 past cpi_usd releases GBPUSD moved 12.65 pips on average in the first 15 minutes and 16.88 pips in the first 60, in either direction. A Fed Governor Bowman speech is set for 09:40 UTC at impact 2 of 3.

Large speculators are net short 97611 contracts, a weekly change of -6536, the 4th percentile of the last 52 weekly reports. The loudest headline for this instrument is from Action Forex at 08:07 UTC, graded impact 2 of 3, on the BoE's Pill and inflation risks within the MPC.

Session brief

  1. GBPUSD, London sessionOpen 1.32692, high 1.32693, low 1.32568, close 1.32632: a range of 12.4 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 1.32522, high 1.32754, low 1.32474, close 1.32695: a range of 28.0 pips over 595 minutes, from our own one-minute candles.
  4. GBPUSD, previous trading dayHigh 1.32593, low 1.32044, close 1.32550 on 2026-10-13, a range of 54.8 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 66.2 pips. The latest day sits at the 40th percentile of the last 42 days we hold, which is an ordinary day for this market. Measured on our own candles.
  6. USD CPI m/mScheduled 2026-10-14 12:30 UTC, impact 3 of 3. Forecast 0.6%. Previous 0.4%. From Forex Factory.
  7. GBPUSD reaction to cpi_usdOver 67 past releases GBPUSD moved 12.65 pips on average in the first 15 minutes and 16.88 in the first 60, in either direction. Measured on our own one-minute candles.
  8. USD Fed Governor Bowman SpeechScheduled 2026-10-14 09:40 UTC, impact 2 of 3. From MQL5 Economic Calendar.
  9. 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.
  10. BoE’s Pill Sees Inflation Risks Bringing MPC Together, but Four Hikes May Be Too ManyAction Forex. Graded impact 2 of 3 for GBPUSD by our headline classifier.
  11. USD CPIScheduled 2026-10-14 12:30 UTC, impact 3 of 3. Forecast 334.918. Previous 334.131. From MQL5 Economic Calendar.

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.