No significant events are expected today.

The focus is on the release of September inflation data in the United Kingdom. The consensus suggests an acceleration of the overall index, which could prevent the Bank of England from easing policy too soon. In the short term, higher inflation supports government bond yields and interest in the pound, especially against the dollar amid weakening expectations for US yields.

The UK’s fiscal agenda is also on investors’ radar: upcoming budget parameters emphasizing spending discipline reduce the risk premium for the pound. Meanwhile, the labor market shows signs of cooling but not enough to push the regulator toward aggressive rate cuts.

The US, on the other hand, approaches the Federal Reserve meeting with a high likelihood of a rate cut, weakening the yield differential in favor of the dollar. Against this backdrop, the fundamental balance shifts toward a moderate strengthening of the GBP against the USD if UK inflation meets or exceeds expectations.

Recommendations: BUY 1.3375, SL 1.3345, TP 1.3435