GBP/USD bias held bullish on October 3, 2026
The pound has traded near multi-month lows as the US dollar stayed firm amid surging global yields and a sell-off in UK government bonds. Attention centered on the US jobs report, which showed September payrolls at just 29K with slower wage growth and unemployment rising to 4.2%. The weaker-than-expected jobs data reduced expectations for an October Fed hike and coincided with a rebound in the pound.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It held all 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
- 00:00Bullish
Headlines (14)
Carried over from earlier days
- 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
- BoE's Mann: Can't rely on risk premia to do work of policy, need to raise ratesFXStreet
- British Pound buckles as DXY nears 102 on US jobs, factory strengthFXStreet
- The British Pound slides again as UK government bonds sell offFXStreet
- British Pound struggles near June 26 lows as USD retains bullish tone ahead of US NFPFXStreet
- British Pound holds near three-month lows, US Dollar shines as global yields surgeFXStreet
- North American Morning Kickstart: Dollar mixed ahead of US jobs report as oil falls and futures riseInvestingLive
- US Non Farm Payroll Employment Misses at 29K as Wages Slow and Unemployment Rises to 4.2%ActionForex
- Jobs Huge Miss: Sept Payrolls Plunge To Just 29K, Below All Estimates As July Revised NegativeZeroHedge
- British Pound rebounds as NFP knocks out October Fed hike betsFXStreet
- US job growth slows as unemployment rises before midterm electionsAl Jazeera
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 5 | ||
| Final Services PMI | 51.7 | GBP |
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Tuesday, October 6 | ||
| Construction PMI | 45.0 | GBP |
| MPC Member Mann Speaks | GBP | |
| Trade Balance | -95.2B | USD |
| FOMC Member Bowman Speaks | USD | |
| API Weekly Statistical Bulletin | USD | |