GBP/USD bias flipped 12 times to weak bearish on September 2, 2026
The British pound is slipping against a broadly stronger US dollar, driven by rising US yields, higher oil prices, and hawkish Fed expectations. Even high gilt yields are failing to support sterling, with the currency hitting a three-week low and breaking below 1.35 according to one analysis.
Updated
The reading that day
Weak bearishAt the close of the UTC day.
BearishNeutralBullish
It changed 12 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
- 03:28Bearish
- 03:48Neutral
- 06:19Bearish
- 07:59Neutral
- 12:26Bullish
- 13:26Bearish
- 15:06Weak bullish
- 17:12Bearish
- 17:27Neutral
- 19:18Weak bullish
- 20:38Neutral
- 21:59Weak bearish
Headlines (15)
First seen on September 2
- British Pound softens to near 1.3500 as US, Iran escalate attacksFXStreet
- British Pound drops as US Dollar strengthens on rising US yields, higher oil pricesFXStreet
- Pound Sterling Faces a Reckoning on Surging Debt Costspoundsterlinglive.com
- Sterling today: Pound slips as hawkish Fed outlook lifts dollar broadlyInvesting.com
- British Pound hits three-week low as US yields, Iran risks weighFXStreet
- British Pound: Break below 1.35 shifts focus lower against US Dollar – ScotiabankFXStreet
- GBP/USD Selloff Shows Why High Gilt Yields Are Failing to Support SterlingInvesting.com
- Rising gilt yields are not saving the British PoundFXStreet
Carried over from earlier days
- British Pound holds losses amid geopolitical tensions, Fed tightening hopesFXStreet
- The Fed Just Changed Everything: What It Means for Your Forex TradesInvesting.com
- GBP/USD Price Forecast: Finds ground slightly below 20-day EMAFXStreet
- British Pound edges higher as USD softens ahead US jobs dataFXStreet
- Nobody was ever paying the British Pound for its hawksFXStreet
- British Pound stalls as mixed US data keeps Fed hawkish bets aliveFXStreet
- USD moves to new highs vs most of the major currencies. What next for the major currency pairs?InvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, September 2 | ||
| ADP Non-Farm Employment Change | 47K | USD |
| Factory Orders m/m | 0.7% | USD |
| Crude Oil Inventories | -0.4M | USD |
| Beige Book | USD | |
| Thursday, September 3 | ||
| Final Services PMI | 52.8 | GBP |
| Challenger Job Cuts y/y | USD | |
| Revised Unit Labor Costs q/q | 1.3% | USD |
| Revised Nonfarm Productivity q/q | 1.4% | USD |