GBP/USD bias flipped 6 times to neutral on August 26, 2026
GBPUSD has retreated as stronger U.S. yields, driven by sticky PCE inflation data, keep Federal Reserve hike expectations alive and lift the dollar broadly. The pound has also faced headwinds from disappointing UK retail activity, which slumped in August according to the CBI, adding to the currency's downside pressure.
Updated
The reading that day
NeutralAt 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
- 12:47Weak bullish
- 13:03Neutral
- 20:15Weak bearish
- 20:39Weak bullish
- 20:55Weak bearish
- 22:32Neutral
Headlines (16)
First seen on August 26
- Preview, today: Fed's favoured inflation gauge lands two days before Warsh's Jackson Hole speechInvestingLive
- US July durable goods orders +1.1% vs +0.5% expectedInvestingLive
- British Pound retreats as sticky PCE inflation keeps Fed hike bets aliveFXStreet
- Forex Today: US Dollar firms ahead of Jackson HoleFXStreet
- Both the EURUSD and GBPUSD are lower on the day, but one is more bearish technically. Which one is it?InvestingLive
- investingLive Americas FX news wrap 26 Aug The USD is mostly higher with higher yields the catalystInvestingLive
- UK Retail Activity Slumps in August: CBIHellenic Shipping News
- The British Pound stops dead where American data left itFXStreet
Carried over from earlier days
- Sterling today: Pound slips as dollar policy jitters, Iran sanctions weighInvesting.com
- Kickstart the FX Trading Day for August 24: Key technical levels for EURUSD, USDJPY and GBPUSDInvestingLive
- Dollar slips to lowest since May as Treasury doubles bond buybacks, what's next?InvestingLive
- Event Guide: U.S. Core PCE Price Index (July 2026)babypips.com
- Pound Sterling Rally Against Euro and Dollar Challenged by Burnham Tax Hike Headlinespoundsterlinglive.com
- Kremlin adviser warns UK drone factories could face attacksAl Jazeera
- GBP/USD Holds Near Highs: Focus Turns to Key Events Later This WeekInvesting.com
- GBP/USD Gains Face a Fiscal Test as UK Gilt Yields Hold Above 5%Investing.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 26 | ||
| CBI Realized Sales | -35 | GBP |
| Prelim GDP q/q | 1.5% | USD |
| Prelim GDP Price Index q/q | 6.2% | USD |
| Personal Spending m/m | 0.1% | USD |
| Core PCE Price Index m/m | 0.2% | USD |
| Core Durable Goods Orders m/m | 0.6% | USD |
| Personal Income m/m | 0.2% | USD |
| Durable Goods Orders m/m | 0.4% | USD |