GBP/USD bias flipped 9 times to bearish on September 7, 2026
The British pound has been swayed by movements in the US dollar, with recent gains tied to a weaker dollar amid Middle East tensions and evolving Federal Reserve rate expectations. A modest bounce in the dollar has kept GBP/USD near the 1.3500 level, while the Bank of England's policy hold and the potential for later rate cuts add uncertainty to the pound's trajectory.
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
- 00:00Neutral
- 04:45Weak bullish
- 05:01Weak bearish
- 06:46Neutral
- 09:21Weak bullish
- 10:11Bearish
- 12:21Weak bearish
- 13:11Neutral
- 15:56Weak bullish
- 21:01Bearish
Headlines (13)
First seen on September 7
- British Pound gains as US Dollar weakens despite Fed rate hike odds surgeFXStreet
- GBP/USD Price Forecast: Struggles near 1.3500 amid modest USD uptick; bears seem hesitantFXStreet
- US Dollar: Volatility risks around Fed decision – CommerzbankFXStreet
- Forex Today: Middle East tensions keep investors on edgeFXStreet
- British Pound edges higher against US Dollar, UK Chancellor Healey’s speech eyedFXStreet
- Sterling today: Pound edges up as dollar stays soft on Fed rate-hike betsInvesting.com
- Chips run, front end firms - Options Brief - 7 September 2026home.saxo
- Kickstart the North American FX session. The USDJPY is the big mover. The EUR and GBP are down modestlyInvestingLive
- United Kingdom: BoE holds but risks later cuts – Societe GeneraleFXStreet
- British Pound climbs as USD fades, Hormuz risk keeps Fed in playFXStreet
Carried over from earlier days
- John Healey warns of tough first budget as Middle East war puts pressure on economyThe Guardian
- ‘The chancellor is in a bind’: is No 11 at odds with Burnham’s big vision?The Guardian
- US Added 162,000 Jobs in August, Fueling President Trump To Push for Lower Interest Rates Amid Trade Deficit Warningsdailyhodl.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, September 7 | ||
| Lloyds HPI m/m | 0.2% | GBP |
| Bank Holiday | USD | |
| BRC Retail Sales Monitor y/y | 1.2% | GBP |
| Tuesday, September 8 | ||
| NFIB Small Business Index | 99.2 | USD |
| Monetary Policy Report Hearings | GBP | |
| Consumer Credit m/m | 13.2B | USD |
| Wednesday, September 9 | ||
| ADP Weekly Employment Change | USD | |
| 10-y Bond Auction | USD | |