GBP/USD bias flipped 7 times to neutral on August 11, 2026
GBP/USD is trading in a range as conflicting drivers emerge. Soft U.S. jobs data briefly weighed on the dollar, but the greenback has steadied and found support from geopolitical tensions around Hormuz, while traders also position ahead of the latest U.S. CPI release. Meanwhile, the shrinking policy rate differential between the U.K. and U.S. continues to limit the pair's directional momentum.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 7 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
- 00:00Weak bullish
- 07:39Neutral
- 11:20Weak bearish
- 11:48Neutral
- 12:20Bullish
- 18:09Neutral
- 18:41Bullish
- 21:10Neutral
Headlines (10)
First seen on August 11
- Sterling today: Pound drifts lower as dollar steadies before U.S. CPIInvesting.com
- GBP/USD Range Trade Reflects a Vanishing Policy Rate DifferentialInvesting.com
Carried over from earlier days
- British Pound moves away from multi-week top as Hormuz risks support USDFXStreet
- British Pound outperforms at the start of the UK Q2 GDP data weekFXStreet
- Forex Today: Post-NFP US Dollar selloff pausesFXStreet
- British Pound rallies to over one-week high as fiscal woes and rate gap hammer YenFXStreet
- Sterling today: Pound firms as soft U.S. jobs data weighs on dollarInvesting.com
- British Pound tests 1.3500 as US Dollar struggles to shake off NFP shockFXStreet
- British Pound climbs as Hormuz talks stall, US CPI up nextFXStreet
- Forex Today: US Dollar firms as Oil surges on HormuzFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, August 11 | ||
| NFIB Small Business Index | 97.5 | USD |
| ADP Weekly Employment Change | USD | |
| Existing Home Sales | 4.05M | USD |
| 10-y Bond Auction | USD | |
| API Weekly Statistical Bulletin | USD | |
| 30-y Bond Auction | GBP | |
| Wednesday, August 12 | ||
| CPI y/y | 3.4% | USD |
| Core CPI y/y | 2.5% | USD |