GBP/USD bias flipped 6 times to weak bullish on August 18, 2026
The British pound is trading near a three-month high against a broadly weaker US dollar, as softer US data and fading expectations of further Federal Reserve rate hikes have put downward pressure on the greenback. Meanwhile, signs of UK labour market weakness are seen as deepening the case against more tightening by the Bank of England, which could temper sterling's gains. These contrasting central bank expectations are driving price action in GBPUSD.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 6 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
- 17:13Weak bearish
- 17:30Weak bullish
- 17:46Neutral
- 19:57Weak bearish
- 20:46Neutral
- 22:36Weak bullish
Headlines (13)
First seen on August 18
- Forex Today: US Dollar sags to two-month lows as Middle East risk lifts Oil and GoldFXStreet
- investingLive Asia-Pacific market news: Diesel crack hits record $102, gold fell under $4400InvestingLive
- Sterling today: Pound slips as dollar firms on energy, yieldsInvesting.com
- British Pound steadies as weak US data counters Iran riskFXStreet
- UK Labour Weakness Deepens the Case Against Further BoE TighteningInvesting.com
Carried over from earlier days
- Morgan Stanley says disinflation is here, but risks to 2027 rate outlook remainHellenic Shipping News
- British Pound trades near three-month top as fading Fed hike bets undermine USDFXStreet
- Dollar comes under pressure to start the new weekInvestingLive
- British Pound gathers strength above 1.3550 as softer US data cools Fed hike betsFXStreet
- Sterling today: Pound advance as weak US retail data dims Fed hike betsInvesting.com
- Dollar's Losses Extended, but Stabilizing Ahead of the North American Sessionmarctomarket.com
- Kickstart the NA session for August 17: USD starts the week on the defensive.InvestingLive
- UK Inflation Set to Rebound as Energy Bills SurgeOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, August 18 | ||
| Claimant Count Change | 16.5K | GBP |
| Unemployment Rate | 4.8% | GBP |
| Average Earnings Index 3m/y | 4.0% | GBP |
| 10-y Bond Auction | GBP | |
| ADP Weekly Employment Change | USD | |
| Import Prices m/m | 0.1% | USD |
| Building Permits | 1.37M | USD |
| Housing Starts | 1.34M | USD |