The post GBP/USD tests 1.35 as Cable tilts upward appeared on BitcoinEthereumNews.com.

GBP/USD found cautious gains on Wednesday after testing the 1.3500 handle. Overall market momentum remains limited as investors strain to brush off a US government shutdown. Key labor and inflation from the BLS may be delayed or suspended at a critical rate-watching juncture. GBP/USD eased into a fourth straight bullish session, briefly tapping the 1.3500 handle before settling back to a sedate 0.27% gain for the day’s market sessions. Cable traders now head into an ueasy back half of the trading week, with a US government shutdown threatening the flow of high quality official labor and inflation data, as well as a notable lack of meaningful economic data releases on the UK side. The US federal government is now in shutdown mode, with Congress unable to muscle a budget spending bill across the line before the regular start of the fiscal year on October 1, which occurs every single year and should come as no surprise to policymakers in Washington. Democrats have introduced two separate budget reconciliation bills this week, but House Republicans responded by skipping all budget meetings and remaining absent during two separate bill readings that would have provided a stopgap funding solution while a larger budget bill is considered. Federal shutdowns have almost become the norm rather than the exception during Trump’s presidency: This will be the fourth federal shutdown over budget disagreements that Trump has presided over across his two terms. The last federal shutdown, which occurred in 2018, lasted for 35 consecutive days and remains the longest government closure in US history. Donald Trump has a long-standing history of stating that any government shutdown is the fault of the president, as he declared in 2013 and 2011 by saying, “problems start from the top, and they have to get solved from the top and the…

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Filed under: News - @ October 2, 2025 3:28 am