The pound came under pressure after reports from the Financial Times that the Office for Budget Responsibility lowered its forecasts for the UK economy's productivity. According to analysts, this decision could deprive Chancellor Rachel Reeves of some of the expected revenues and increase the fiscal gap in the November budget by £9 billion. An additional pressure factor was the inflation statistics: The price index for services in August was 4.2% year-on-year, which is lower than expected (4.7%) and corresponds to the level of July. Experts note that the dollar remains a key driver in the foreign exchange markets. The GBP/USD pair, according to their forecast, may find support near 1.3600 and then strengthen above 1.37. The pressure on the pound remains in the EUR/GBP pair, but the tough stance of the Bank of England, whose decision on the rate will be announced on Thursday, is able to keep the rate within 0.8650-0.8715.
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