GBP/USD bias flipped 9 times to bullish on October 2, 2026
The pound has traded near its late-June lows and around 1.3200 as strong US jobs and factory data, higher US yields and risk-off conditions have supported continued demand for the US dollar. A softer jobs report that reduced expectations for an October Fed rate increase briefly helped sterling recover, while a drop in UK government bond prices that lifted gilt yields to 6% and attention on the upcoming UK Budget have added further focus for the currency.
Updated
The reading that day
BullishAt 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 bearish
- 04:12Neutral
- 05:27Weak bearish
- 06:37Neutral
- 08:32Weak bearish
- 09:27Neutral
- 09:57Weak bearish
- 11:07Weak bullish
- 12:22Neutral
- 12:42Bullish
Headlines (10)
First seen on October 2
- British Pound struggles near June 26 lows as USD retains bullish tone ahead of US NFPFXStreet
- British Pound rebounds as NFP knocks out October Fed hike betsFXStreet
Carried over from earlier days
- Dollar Slides on Softer PCE, Aussie Lags as Sterling Extends BoE RallyActionForex
- The British Pound catches second wind as soft PCE knocks Fed hike betsFXStreet
- British Pound retreats further from one-week top as USD buying remains unabatedFXStreet
- Sterling today: Pound slips as global bond rout lifts dollar, gilt yields hit 6%Investing.com
- Pound Sterling Faces Growing Pressure Ahead of UK Budget Announcement. Forecast as of 01.10.2026LiteFinance
- British Pound tests 1.3200 as higher US yields and risk-off markets boost US DollarFXStreet
- British Pound buckles as DXY nears 102 on US jobs, factory strengthFXStreet
- The British Pound slides again as UK government bonds sell offFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, October 2 | ||
| Average Hourly Earnings m/m | 0.3% | USD |
| Unemployment Rate | 4.1% | USD |
| Non-Farm Employment Change | 89K | USD |
| FOMC Member Logan Speaks | USD | |
| Factory Orders m/m | 0.1% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| Monday, October 5 | ||
| Final Services PMI | 51.7 | GBP |
| Final Services PMI | 58.7 | USD |