On the 28th, the exchange market recorded a peak of 1.3339 dollars for the pound‑dollar pair. This surge was the highest price in the day; while the pound showed strength, the dollar displayed weakness. The high of 1.3339 was the top of the trading range at 1.3273–1.3339 and the low and high were shown on the market screen.

According to FXStreet’s analysis, the pound fell for three consecutive days before rising again, which is interpreted as a result of the U.S. Fed’s decision to keep the benchmark rate unchanged – the dollar weakness partly followed. However, from exchange movements alone it is hard to decide which side was stronger.

GBP/USD is the exchange rate that shows the price of one pound in terms of dollars; foreign‑exchange markets do not set a single closing price. The high and low may differ depending on the market provider and the basis used, so there is no official closing price at an exchange but the spot rates are shown by many sources.

UK Treasury Secretary John Hylle scheduled a pre‑announcement at 9:30 p.m. on the 28th; the actual announcement took place at 3 a.m. on the 29th, so there was about a five‑hour‑and‑thirty‑minute gap between the two times.

Hylle mentioned that OBR (Office for Budget Responsibility) had set a fiscal target and said “the Treasury confirmed an available fiscal capacity of 15 billion pounds for 2029–30.” This figure is distinct from investment capacity.

The UK government also announced a separate budget of 24 billion pounds, showing a cut of 9 billion from the March forecast. This adjustment reflected the reduced available fiscal capacity.

U.S. Federal Open Market Committee (FOMC) kept its benchmark rate target range at 3.75–4.00% on the 28th. The decision passed with 10 votes for and two against; Lisa D. Cook and Beth M. Hammack supported a 0.25‑point increase.

The Fed said that the U.S. economy was growing strongly, inflation remained high, and it would decide its policy stance after evaluating data.

U.S. Bureau of Economic Analysis (BEA) announced that August PCE inflation rose 3.4% versus the same month last year; core PCE excluding food and energy was 3.0%, both exceeding the Fed’s 2% target.

According to BEA schedule, September personal income‑expenditure and PCE data will be released at 9:30 p.m. on the 29th KST, following soon after the September PCE release.

U.S. Bureau of Labor Statistics (BLS) will release third‑quarter employment data at 9:30 p.m. on the 30th; that indicator follows the September PCE release.

Bank of England’s next policy meeting is set for November 5, while U.S. CPI for October 10 will be released at 10:30 p.m. KST.