GBP/USD bias flipped 14 times to weak bullish on August 31, 2026
GBP/USD is being influenced by US dollar movements, as the greenback softened ahead of US jobs data, offering some respite to the pound. However, the currency pair remains pressured by expectations of Federal Reserve tightening and geopolitical tensions, which have limited any upside. Additionally, technical analysis suggests the pair is stabilizing slightly below the 20-day EMA, with some analysts highlighting potential downside risks to 1.3480.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 14 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
- 00:00Weak bearish
- 04:00Neutral
- 06:26Weak bearish
- 06:42Neutral
- 07:02Bearish
- 07:45Neutral
- 08:02Weak bullish
- 11:26Neutral
- 12:16Weak bullish
- 12:32Neutral
- 12:48Weak bearish
- 15:43Neutral
- 16:39Weak bullish
- 22:58Neutral
- 23:19Weak bullish
Headlines (16)
First seen on August 31
- CFTC Report: CAD short covering leads; Gold buying surgesFXStreet
- Forecasting the upcoming week: Busy week with focus on the US labour marketFXStreet
- US Dollar Weekly Forecast: Focus is back on 100.00 as Fed hawks take centre stageFXStreet
- Personal Income and Outlays, July 2026bea.gov
- British Pound holds losses amid geopolitical tensions, Fed tightening hopesFXStreet
- British Pound: Downside risks with 1.3480 in sight against US Dollar – UOBFXStreet
- Market Quick Take - Warsh turns hawkish as Hormuz risk returns - 31 August 2026home.saxo
- The Fed Just Changed Everything: What It Means for Your Forex TradesInvesting.com
- GBP/USD Price Forecast: Finds ground slightly below 20-day EMAFXStreet
- The USD is lower vs major currencies. In the video, I ake a look at the EURUSD, USDJPY and GBPUSD to kickstart the weekInvestingLive
- Pound Sterling retreats as Japanese Yen attracts modest buyingFXStreet
- British Pound edges higher as USD softens ahead US jobs dataFXStreet
- Nobody was ever paying the British Pound for its hawksFXStreet
Carried over from earlier days
- Warsh charts a forward-looking path for the Fed at Jackson HoleFinancial Times
- Fedwatch Turns Hawkish With 57% Odds of September Rate IncreaseBitcoin.com News
- Warsh at Jackson Hole: 8 key takeawaysHellenic Shipping News
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 | 7.2B | GBP |
| Mortgage Approvals | 59K | GBP |