GBP/USD bias held neutral on August 2, 2026
Market attention is on the Federal Reserve's credibility following a recent Treasury sell-off, with a top central bank official warning that the bond market's reaction signals the need to reinforce inflation credibility. Additionally, the latest CFTC report highlights deepening bearish extremes in FX positioning, which may influence dollar dynamics. These factors contribute to a cautious tone for GBPUSD as traders weigh central bank policy signals and positioning data.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all 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
Headlines (23)
First seen on August 2
- Why Andy Burnham’s devolution pledge will be tricky to deliverThe Guardian
- Treasury sell-off shows Fed must reinforce inflation credibility, Musalem saysHellenic Shipping News
- Monday open indicative forex prices, 03 August 2026InvestingLive
Carried over from earlier days
- 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
- How have interest rate expectations changed after this week's events?InvestingLive
- BIS Project Agorá settles $1 million in tokenized cross-border payment trialsCointelegraph
- The USD is higher to start the NA session. How are the charts impacting trader bias?InvestingLive
- Three central banks held rates this week. Here's what has them all worriedFXStreet
- Statement from Dallas Fed President Lorie Logan on FOMC dissentdallasfed.org
- Greenback Consolidates after Being Rocked by the US Fed and Japan's Ministry of Financemarctomarket.com
- GOLD & SILVER ALERT: All Hell Is Breaking Loose In The Bond MarketKing World News
- British Pound holds firm as USD rebounds from intervention routFXStreet
- Richmond Fed President Tom Barkin said it is “a close call” whether the central bank’s interest-rate setting is high enough to bring inflation downThe Wall Street Journal
- 360 Energy Pulse: What mattered this week in energyoilandgas360.com
- Bond sell-off sent warning on Fed’s credibility, says top central bank officialFinancial Times
- ECB official warns climate crisis poses growing threat to ‘core financial stability’The Guardian
- CFTC Report: Bearish FX extremes deepen as cross-asset signals divergeFXStreet
- The Bank of England Is Moving Away From CoalOilPrice.com
- If the Fed trusts this single 2.2% metric, Bitcoin could break $65.3k and ignite a path to $68kCryptoSlate
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 3 | ||
| Final Manufacturing PMI | 52.8 | GBP |
| Final Manufacturing PMI | 53.8 | USD |
| ISM Manufacturing PMI | 54.0 | USD |
| Construction Spending m/m | 0.2% | USD |
| ISM Manufacturing Prices | 70.0 | USD |
| Omdia Total Vehicle Sales | 16.3M | USD |
| Loan Officer Survey | USD | |
| Tuesday, August 4 | ||
| Trade Balance | -73.0B | USD |