GBP/USD bias held neutral on August 29, 2026
The dollar gained ground after Fed Chair Warsh signaled that inflation progress is insufficient and hinted at further rate hikes, which weighs on GBPUSD. Additionally, month-end flows are seen as mildly supportive for the dollar per BofA. Meanwhile, the Bank of England may respond to high energy prices by year-end, but that has not offset the dollar's strength.
Updated
The reading that day
NeutralAt 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
- 00:00Neutral
Headlines (12)
Carried over from earlier days
- 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
- US Dollar Edges HigherInvesting.com
- Kickstart the NA session with a technical look at the EURUSD, USDJPY and GBPUSD: Key levels in playInvestingLive
- 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
- Kickstart Kevin Warsh speech day with a technical look at the EURUSD, USDJPY and GBPUSDInvestingLive
- How will Warsh influence the technicals for USD vs some of the major currenciesInvestingLive
- Warsh, In Our Timefederalreserve.gov
- The USD has moved higher on more hawkish Fed Chair WarshInvestingLive
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 31 | ||
| BRC Shop Price Index y/y | 0.9% | GBP |
| Bank Holiday | GBP | |
| Nationwide HPI m/m | GBP | |
| Tuesday, September 1 | ||
| Nationwide HPI m/m | 0.1% | GBP |
| Final Manufacturing PMI | 51.5 | GBP |
| M4 Money Supply m/m | 0.9% | GBP |
| Net Lending to Individuals m/m | 9.2B | GBP |
| Mortgage Approvals | 59K | GBP |