GBP/USD bias flipped 9 times to bearish on September 4, 2026
Sterling's moves are being driven by shifting expectations for Federal Reserve policy following the latest US jobs report, which beat forecasts and reinforced the case for a September rate increase. This initially supported the dollar and pushed GBP/USD to a two-week low, but the pair later trimmed losses as some Fed officials tempered hike expectations and the dollar softened. Additionally, UK fiscal concerns or 'gilt jitters' and broader risk aversion have added to the currency's fluctuations.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 9 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 bullish
- 01:50Neutral
- 02:40Weak bullish
- 02:55Bullish
- 05:53Neutral
- 09:08Bearish
- 12:18Neutral
- 12:33Bearish
- 13:38Neutral
- 21:04Bearish
Headlines (14)
First seen on September 4
- Sterling today: Pound firms as soft dollar outweighs UK gilt jittersInvesting.com
- U.S. Nonfarm Payrolls Surge Past Expectations, Indicating Economic StrengthInvesting.com
- US jobs report beats all expectations, boosts case for a September hikeING Think
- British Pound trims losses against US Dollar after NFP-driven volatilityFXStreet
- Sterling’s rally stalls as US jobs data reopens Fed debateFXStreet
Carried over from earlier days
- Sterling today: Pound slips as hawkish Fed outlook lifts dollar broadlyInvesting.com
- British Pound hits three-week low as US yields, Iran risks weighFXStreet
- GBP/USD Selloff Shows Why High Gilt Yields Are Failing to Support SterlingInvesting.com
- British Pound gains capped as fiscal, geopolitical risks persistFXStreet
- Sterling today: Pound firms as dollar softens on Fed rate-hike doubtsInvesting.com
- GBP/USD at 2-Week Low: Risk Aversion Takes HoldInvesting.com
- British Pound rises as Fed’s Waller tempers Fed hike bets before NFPFXStreet
- BoE’s Pill backs rate hike to 4% to limit inflation catch-up effectsFXStreet
- The British Pound bounces on a hike argument that lost 6-3 in JulyFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, September 4 | ||
| Construction PMI | 45.8 | GBP |
| BOE Gov Bailey Speaks | GBP | |
| Average Hourly Earnings m/m | 0.3% | USD |
| Non-Farm Employment Change | 55K | USD |
| Unemployment Rate | 4.1% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| Monday, September 7 | ||
| Lloyds HPI m/m | 0.2% | GBP |
| BRC Retail Sales Monitor y/y | GBP | |