GBP/USD bias turned weak bullish on August 8, 2026
Sterling is under pressure as UK-US yield spreads narrow and the US dollar strengthens, with the latest US jobs report showing a surprise contraction and downward revisions that point to a softer labor market. That data could influence how central bank rate expectations evolve, while broader FX commentary highlights the challenges for any sustained dollar weakness.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed once 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
- 14:53Weak bullish
Headlines (10)
Carried over from earlier days
- 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
- 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
- Week Ahead – US CPI Data, BoJ Summary and RBA Decision Take the StageActionForex
- FX Talking: Caught between war and WarshHellenic Shipping News
- GBP/JPY Price Forecast: Rebound holds above 200-day SMAFXStreet
- G10 FX Talking: The narrow path to a weaker dollarHellenic Shipping News
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Saturday, August 8 | ||
| FOMC Member Bowman Speaks | USD | |
| Monday, August 10 | ||
| BRC Retail Sales Monitor y/y | 1.5% | GBP |
| Cleveland Fed Inflation Expectations | USD | |
| 30-y Bond Auction | GBP | |
| 10-y Bond Auction | GBP | |
| Tuesday, August 11 | ||
| NFIB Small Business Index | 97.8 | USD |
| Existing Home Sales | 4.05M | USD |
| 10-y Bond Auction | USD | |