GBP/USD bias held bearish on August 22, 2026
Sterling initially eased after UK retail sales fell and US services data beat expectations, but the pound later edged higher as the dollar broadly weakened amid concerns over US fiscal credibility and falling Treasury yields. A jump in UK consumer confidence to a two-year high also lent support. These offsetting pressures left GBPUSD fluctuating, with the pair recently hovering near 1.3650.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It held all 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
Headlines (12)
Carried over from earlier days
- British Pound gains as US Dollar softens on Treasury bond buybacksFXStreet
- British Pound climbs as UK inflation keeps BoE hike bets aliveFXStreet
- The British Pound is buying an energy bill, not inflationFXStreet
- UK consumer confidence jumps to two-year high, GfK saysInvesting.com
- British Pound edges higher to near 1.3650, UK Retail Sales data loomsFXStreet
- USD slammed in Asia Friday: Bitcoin, gold, FX surge as investors hedge against US fiscal credibility concernsInvestingLive
- investingLive European markets wrap: Gold runs higher, dollar stays under pressureInvestingLive
- Dollar falls alongside bond yields in final stretch of the weekInvestingLive
- Kickstart the North American session: The USD is lower vs the 3 major currency pairs.InvestingLive
- Futures Rise On Opex Day As Yields Stabilize; Bitcoin Almost Tags $80,000ZeroHedge
- British Pound eases as UK sales drop, US services beat forecastsFXStreet
- Market Quick Take - Treasury yields rise and Walmart slides as Jackson Hole comes into view - 21 August 2026home.saxo
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 24 | ||
| Treasury Sec Bessent Speaks | USD | |
| CBI Realized Sales | GBP | |
| Tuesday, August 25 | ||
| ADP Weekly Employment Change | USD | |
| HPI m/m | 0.2% | USD |
| S&P/CS Composite-20 HPI y/y | 1.9% | USD |
| CB Consumer Confidence | 90.3 | USD |
| Richmond Manufacturing Index | 7 | USD |
| New Home Sales | 620K | USD |