GBP/USD bias flipped 3 times to neutral on August 19, 2026
UK labour figures came in weaker than expected, with unemployment at 4.9% against an anticipated 4.8%, which led to a decline in the Pound as it reduced the case for more Bank of England tightening. Meanwhile, the US dollar showed mixed signals, dipping to two-month lows on Middle East risk but also firming on higher energy and yields, while subsequent weak US data helped the Pound steady. Traders are now focused on upcoming UK CPI data for direction.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 3 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
- 00:28Neutral
- 02:03Weak bullish
- 02:34Neutral
Headlines (12)
First seen on August 19
Carried over from earlier days
- 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
- Kickstart the NA session for August 17: USD starts the week on the defensive.InvestingLive
- Forex Today: US Dollar sags to two-month lows as Middle East risk lifts Oil and GoldFXStreet
- British Pound Sterling did not earn its three-month highFXStreet
- investingLive Asia-Pacific market news: Diesel crack hits record $102, gold fell under $4400InvestingLive
- United Kingdom Unemployment Rate stays at 4.9% in June vs. 4.8% expectedFXStreet
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 19 | ||
| CPI y/y | 2.9% | GBP |
| Core CPI y/y | 2.5% | GBP |
| PPI Input m/m | 0.0% | GBP |
| PPI Output m/m | 0.2% | GBP |
| RPI y/y | 3.3% | GBP |
| HPI y/y | 1.9% | GBP |
| Crude Oil Inventories | 0.2M | USD |
| FOMC Meeting Minutes | USD | |