GBP/USD (6B) — consolidating in low regime

GBP at 1.3372 has recovered from the 1.3137 October low driven by the UK CPI surprise to 3.5%, with near-certain November BoE hike pricing and extreme COT short covering validating the squeeze thesis, but the Oct 28 UK Budget and FOMC decision represent a twin-catalyst day that will determine whethe

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