GBP/USD bias flipped 16 times to neutral on July 31, 2026
The Bank of England held interest rates at 3.75%, citing inflation fears and uncertainties from the US-Iran war, which has weighed on Britain’s economy. The British pound underperformed as traders pared back expectations for further rate hikes, and analysts noted limited policy support for the currency. These factors are keeping GBPUSD in focus amid broader dollar moves tied to intervention and geopolitical risks.
Updated
The reading that day
NeutralAt 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
- 02:32Bearish
- 03:12Neutral
- 03:36Weak bullish
- 05:56Bearish
- 06:04Neutral
- 07:40Bearish
- 07:48Bullish
- 07:56Neutral
- 08:44Weak bearish
- 09:57Neutral
- 11:02Bearish
- 11:38Neutral
- 14:11Bearish
- 14:15Weak bearish
- 14:35Bullish
- 14:39Neutral
Headlines (14)
First seen on July 31
- US Dollar Index Price Forecast: Exposes to 99.00 on Double Top breakdownFXStreet
- Bank of England: Dovish hold shapes Pound outlook – UOBFXStreet
- The FX Trader: USD kicks off bear move as USDJPY intervention weighs.home.saxo
- British Pound: Limited support from BoE policy – CommerzbankFXStreet
- British Pound underperforms as traders reconsider BoE interest rate hike betsFXStreet
- BIS Project Agorá settles $1 million in tokenized cross-border payment trialsCointelegraph
Carried over from earlier days
- Bank of England holds interest rates at 3.75% as inflation fears mountThe Guardian
- Minutes of the Meeting of the Court of Directors held on 4 June 2026bankofengland.co.uk
- US-Iran war looms over Britain’s economypolitico.eu
- BoE holds rates at 3.75% as it waits to see impact of Iran warFinancial Times
- Bank of England: Tighter conditions support September hold – TD SecuritiesFXStreet
- British Pound plunges amid suspected Yen interventionFXStreet
- BitMEX wipes out 35 derivatives as exchange shutdown approaches with punishing post-closure feesCryptoSlate
- Forex Today: US Dollar extends sell-off after weak US growth, Yen surges on suspected interventionFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, July 31 | ||
| Nationwide HPI m/m | 0.1% | GBP |
| MPC Member Pill Speaks | GBP | |
| Employment Cost Index q/q | 0.8% | USD |
| Chicago PMI | 55.9 | USD |
| Revised UoM Consumer Sentiment | 53.9 | USD |
| Revised UoM Inflation Expectations | USD | |
| Monday, August 3 | ||
| Final Manufacturing PMI | 52.8 | GBP |
| Final Manufacturing PMI | 53.8 | USD |