GBP/USD bias held bullish on October 4, 2026
The British pound moved higher after the latest US nonfarm payrolls report reduced expectations for an October Federal Reserve rate hike. The data showed slower US job growth and rising unemployment, putting the US labor market in focus ahead of the midterm elections.
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 (9)
Carried over from earlier days
- British Pound holds near three-month lows, US Dollar shines as global yields surgeFXStreet
- Sterling today: Pound edges higher as dollar holds gains before U.S. payrollsInvesting.com
- How have interest rate expectations changed after this week's events?InvestingLive
- Euro hits fresh two-month lows against British Pound after hot Eurozone inflation dataFXStreet
- 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 |
| Housing Equity Withdrawal q/q | -11.9B | GBP |
| MPC Member Mann Speaks | GBP | |
| ADP Weekly Employment Change | USD | |
| Trade Balance | -95.2B | USD |