GBP/USD bias flipped 11 times to bearish on August 7, 2026
Sterling softened as the gap between UK and US yields narrowed, while the US Dollar broadly firmed. The latest US jobs report showed a contraction in Non-Farm Payrolls, exposing deeper labor market weakness, which could influence Federal Reserve policy expectations. Meanwhile, the Pound remains rangebound against the Dollar, with the pair unable to break out amid ongoing economic uncertainty.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 11 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
- 00:00Bearish
- 03:32Neutral
- 06:12Weak bullish
- 07:08Bearish
- 07:36Neutral
- 09:29Weak bearish
- 11:01Neutral
- 12:45Bullish
- 14:50Neutral
- 18:35Weak bullish
- 19:11Neutral
- 20:15Bearish
Headlines (14)
First seen on August 7
- British Pound remains weaker as UK-US yields narrow, US Dollar strengthensFXStreet
- Euro steadies against the British Pound following another rejection at the 0.8580 areaFXStreet
- How have interest rate expectations changed after this week's events?InvestingLive
- US Non-Farm Payrolls Contract -23k. Revisions Expose Deeper Labor Market WeaknessActionForex
- GBP/JPY Price Forecast: Rebound holds above 200-day SMAFXStreet
- G10 FX Talking: The narrow path to a weaker dollarHellenic Shipping News
Carried over from earlier days
- Forex Today: US Dollar struggles as risk flows dominate marketsFXStreet
- Sterling today: Pound holds above $1.34 as dollar stays firm on Fed hike riskInvesting.com
- United States Dollar Index trades subduedly below 100.00 ahead of US dataFXStreet
- British Pound: Sterling pressured into autumn against Euro – RabobankFXStreet
- Forex Today: Gold surges above $4,240 as US labor data crumblesFXStreet
- Pound Sterling cannot break its range with Britain on recessFXStreet
- The USD is mostly higher vs the major currencies to start the NA sessionInvestingLive
- Forex Today: US Dollar firms ahead of Nonfarm Payrolls as Hormuz risk returnsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 7 | ||
| Lloyds HPI m/m | 0.2% | GBP |
| Average Hourly Earnings m/m | 0.3% | USD |
| Unemployment Rate | 4.2% | USD |
| Non-Farm Employment Change | 85K | USD |
| FOMC Member Barkin Speaks | USD | |
| Consumer Credit m/m | 11.4B | USD |
| Saturday, August 8 | ||
| FOMC Member Bowman Speaks | USD | |
| Monday, August 10 | ||
| BRC Retail Sales Monitor y/y | 1.5% | GBP |