GBP/USD bias flipped 2 times to neutral on August 28, 2026
The British Pound is hovering near a weekly low below 1.3600 as the US Dollar firms on expectations of Federal Reserve rate hikes. Comments from Fed officials, including Chair Powell's warning that inflation progress is insufficient and hints at further tightening, have boosted bond yields and supported the greenback, weighing on GBPUSD.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 2 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
- 20:27Weak bearish
- 21:24Neutral
Headlines (13)
First seen on August 28
- Month-end fixing to be mildly supportive of the dollar - BofAInvestingLive
- Bank of England likely to respond to high energy prices by end of the yearFinancial Times
- Warsh, In Our Timefederalreserve.gov
- US Fed chair warns inflation progress insufficient, hints at rate hikesAl Jazeera
- U.S. Stocks Fall After Warsh Speech Boosts Bond YieldsThe Wall Street Journal
Carried over from earlier days
- British Pound retreats as sticky PCE inflation keeps Fed hike bets aliveFXStreet
- investingLive Americas FX news wrap 26 Aug The USD is mostly higher with higher yields the catalystInvestingLive
- The British Pound stops dead where American data left itFXStreet
- British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh's speechFXStreet
- British Pound extends losses as US Dollar holds ground on Fed rate hike betsFXStreet
- British Pound finds support near weekly low as fiscal woes and rate gap weigh on YenFXStreet
- US Dollar Edges HigherInvesting.com
- Kickstart the NA session with a technical look at the EURUSD, USDJPY and GBPUSD: Key levels in playInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 28 | ||
| FOMC Member Hammack Speaks | USD | |
| Chicago PMI | 57.9 | USD |
| Fed Chairman Warsh Speaks | USD | |
| Prelim Benchmark Payrolls Revision | USD | |
| Revised UoM Consumer Sentiment | 51.0 | USD |
| Revised UoM Inflation Expectations | USD | |
| MPC Member Mann Speaks | GBP | |
| Monday, August 31 | ||
| BRC Shop Price Index y/y | 0.9% | GBP |