GBP/USD bias flipped 10 times to neutral on October 7, 2026
The pound has been moving within a range as 30-year UK gilt yields topping 6%, soaring US yields and a firm US dollar have weighed at times. Moves have reversed when bond yields eased, while expectations for Bank of England rate hikes after a policymaker warned inflation is embedded have offered support with GBP/USD around 1.3180.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 10 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
- 00:00Bullish
- 02:06Weak bearish
- 02:26Neutral
- 03:11Bearish
- 05:36Weak bearish
- 07:06Neutral
- 07:22Weak bearish
- 09:22Bearish
- 17:37Weak bullish
- 18:17Bearish
- 23:29Neutral
Headlines (15)
First seen on October 7
- British Pound weakens as US Dollar advances ahead of FOMC Meeting MinutesFXStreet
- GBP/USD Price Forecast: Downside pressure could intensify below 1.3180FXStreet
- Sterling today: Pound dips on firm dollar; EUR/GBP at 16-month lowInvesting.com
- GBP/USD Holds Above 1.3180 as Bank of England Hike Bets Offer SupportInvesting.com
- British Pound buckles as 30-year Gilts top 6%, US yields soarFXStreet
- The Pound slides back to the bottom of its range as the bond selloff resumesFXStreet
Carried over from earlier days
- GBP/USD Price Forecast: YTD low near 1.3140 to act as key support levelFXStreet
- British Pound recovers some losses against US Dollar, ISM Services PMI eyedFXStreet
- British Pound: Gradual Dollar gains into United Kingdom budget – HSBCFXStreet
- British Pound slides as France fiscal shock lifts the US DollarFXStreet
- Forex Today: PMIs in Europe and Fedspeak will do the roundsFXStreet
- The Pound flatlines as Treasury yields climb to another highFXStreet
- Minutes of the UK Money Markets Code Sub-Committee – September 2026bankofengland.co.uk
- British Pound catches bid as BoE hawk warns inflation is embeddedFXStreet
- The Pound climbs back to the top of its range as bond yields easeFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 7 | ||
| FOMC Member Williams Speaks | USD | |
| Lloyds HPI m/m | 0.0% | GBP |
| Crude Oil Inventories | 1.9M | USD |
| President Trump Speaks | USD | |
| 10-y Bond Auction | USD | |
| FOMC Meeting Minutes | USD | |
| Consumer Credit m/m | 14.5B | USD |
| RICS House Price Balance | -30% | GBP |