GBP/USD bias turned weak bearish on August 30, 2026
Fed Chairman Kevin Warsh's remarks at Jackson Hole have shifted market expectations for U.S. interest rates, with one report citing a rise in rate-cut odds while another indicates a 57% chance of a September rate increase. This uncertainty about Fed policy is directly relevant for GBPUSD, as the dollar's value is sensitive to changes in rate expectations.
Updated
The reading that day
Weak bearishAt the close of the UTC day.
BearishNeutralBullish
It changed once 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
- 21:23Weak bearish
Headlines (19)
First seen on August 30
- Fedwatch Turns Hawkish With 57% Odds of September Rate IncreaseBitcoin.com News
Carried over from earlier days
- 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
- How have interest rate expectations changed after this week's events?InvestingLive
- All Eyes on Warshmarctomarket.com
- 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
- Fed chair says delivering ‘stable prices’ is central bank’s job as inflation persistsThe Guardian
- Warsh guides forward without forward guidanceING Think
- Investors Expect Higher Rates After Fed Chairman’s Inflation PledgeThe New York Times
- Fed's Goolsbee: Agrees with Warsh that inflation is Fed's main issue right nowInvestingLive
- US Fed chair warns inflation progress insufficient, hints at rate hikesAl Jazeera
- Week Ahead for FX, Bonds: U.S. Jobs Data in Focus; Bank of Canada Decision DueThe Wall Street Journal
- U.S. Stocks Fall After Warsh Speech Boosts Bond YieldsThe Wall Street Journal
- Fed Chairman Kevin Warsh spoke today and the odds of an interest-rate cut rose double digits. Plus, Hegseth summoned the military’s top brass for a meeting and Russians got a little taste of direct democracy. Read more in today’s What’s News newsletter.The Wall Street Journal
- Warsh Speaks and Rate-Cut Odds RiseThe Wall Street Journal
- Warsh charts a forward-looking path for the Fed at Jackson HoleFinancial Times
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 31 | ||
| Bank Holiday | GBP | |
| BRC Shop Price Index y/y | 0.9% | 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 |