GBP/USD bias flipped 31 times to neutral on July 29, 2026
The British Pound weakened against the US Dollar as market focus shifted to divergent monetary policy expectations between the Federal Reserve and the Bank of England, with the BoE potentially raising rates if energy prices remain high. Political risks in the UK and a stronger US dollar also weighed on the currency pair.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 31 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
- 06:15Weak bearish
- 06:42Weak bullish
- 07:59Neutral
- 08:35Weak bearish
- 08:55Neutral
- 10:03Bearish
- 10:07Bullish
- 10:27Neutral
- 12:03Weak bearish
- 12:19Bearish
- 12:47Neutral
- 13:04Weak bullish
- 13:12Neutral
- 14:53Bearish
- 16:18Neutral
- 17:06Bearish
- 17:46Neutral
- 18:02Bullish
- 18:18Neutral
- 18:30Bearish
- 18:38Neutral
- 18:46Bearish
- 18:50Neutral
- 20:02Bearish
- 20:43Weak bearish
- 20:47Neutral
- 22:23Weak bearish
- 22:51Bearish
- 23:03Neutral
- 23:16Weak bullish
- 23:24Neutral
Headlines (10)
First seen on July 29
- EUR/GBP Price Forecast: Eases from 0.8575 resistance with the bullish bias intactFXStreet
- GBP/JPY Price Forecast: Bulls reclaim 218.00 as RSI improvesFXStreet
Carried over from earlier days
- Japanese Yen: BoJ tightening yet weaker JPY against US Dollar – BNP ParibasFXStreet
- Bank of England to raise rates this year if energy prices stay highFinancial Times
- Euro stands tall against the British Pound despite the risk-off sentimentFXStreet
- British Pound drops against US Dollar, Fed-BoE policy in focusFXStreet
- British Pound: Political risks and BoE stance shape outlook – RabobankFXStreet
- British Pound Sterling has nothing to say in front of two central banksFXStreet
- FX Daily: Swiss franc becomes favourite funding currencyING Think
- The Euro is not rallying, the British Pound Sterling is being demotedFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, July 29 | ||
| M4 Money Supply m/m | 0.2% | GBP |
| Mortgage Approvals | 57K | GBP |
| Net Lending to Individuals m/m | 5.5B | GBP |
| Crude Oil Inventories | 0.7M | USD |
| FOMC Statement | USD | |
| Federal Funds Rate | 3.75% | USD |
| FOMC Press Conference | USD | |
| Thursday, July 30 | ||
| BOE Monetary Policy Report | GBP | |