GBP/USD bias flipped 16 times to weak bearish on July 23, 2026
The US dollar strengthened after jobless claims came in much lower than expected at 187K versus 212K, pressuring GBPUSD. At the same time, a skeptical view from ING that "Sterling’s rally is not built to last" adds to the negative tone for the pound. Markets are also looking ahead to a busy week featuring a Fed decision, which could further drive dollar moves.
Updated
The reading that day
Weak bearishAt the close of the UTC day.
BearishNeutralBullish
It changed 16 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 07:07Bearish
- 07:11Neutral
- 08:07Bullish
- 10:44Neutral
- 11:20Bearish
- 12:12Neutral
- 12:32Bearish
- 12:36Neutral
- 13:04Weak bearish
- 13:45Bullish
- 15:09Weak bullish
- 15:13Neutral
- 16:02Weak bullish
- 16:42Bearish
- 17:22Neutral
- 23:22Weak bearish
Headlines (18)
First seen on July 23
- Swiss Franc snaps three-day losing streak against US Dollar, outlook remains fragileFXStreet
- Sterling’s rally is not built to lastING Think
- GBP/USD Price Forecast: Struggles to return above 20-day EMAFXStreet
- Options Brief - Chips cool vol, oil lifts yields - 22 July 2026home.saxo
- Euro rallies against the Pound as markets brace for ECB's monetary policy decisionFXStreet
- British Pound bulls seem hesitant as intervention fears and hawkish BoJ bets support YenFXStreet
- Canada pushes new UK government to join defense bankpolitico.eu
- Kickstart the North American session with a technical look at the EURUSD, USDJPY and GBPUSDInvestingLive
- ECB leaves deposit rate unchanged at 2.25%, as widely expectedInvestingLive
- US initial jobless claims 187K versus 212K expectedInvestingLive
Carried over from earlier days
- Options Brief - Oil vol at triple the VIX - 20 July 2026home.saxo
- USD/CHF Price Forecast: Buyers hold the upper hand above 0.8000FXStreet
- US President Trump: “We’re not finished at all with Iran”FXStreet
- investingLive Americas FX news wrap 21 JulInvestingLive
- US Secretary of State Rubio: Iranian control of Hormuz would have repercussions beyond Middle EastFXStreet
- A dense week ahead: Fed decision, Big Tech earnings, and month-end crypto expiryblog.kraken.com
- What's happening to UK interest rates and what does it mean for mortgages?bbc.co.uk
- The digital euro: Surveillance money, or a better alternative to cash?Cointelegraph
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, July 23 | ||
| CBI Industrial Order Expectations | -40 | GBP |
| Unemployment Claims | 211K | USD |
| Natural Gas Storage | 29B | USD |
| Treasury Currency Report | USD | |
| GfK Consumer Confidence | -22 | GBP |
| Friday, July 24 | ||
| Retail Sales m/m | -0.3% | GBP |
| Flash Manufacturing PMI | 52.0 | GBP |
| Flash Services PMI | 49.4 | GBP |