GBP/USD bias flipped 11 times to weak bullish on October 8, 2026
The pound has slipped as the US dollar stayed firm alongside soaring US yields, while UK 30-year gilt yields topped 6% amid a renewed bond selloff. Rising oil prices have added further pressure, with GBP/USD trading around the 1.3180 area and near the bottom of its recent range. Expectations around Bank of England rate hikes have been noted as a supporting factor, while EUR/GBP was reported at a 16-month low.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 11 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
- 05:30Weak bullish
- 05:50Weak bearish
- 07:26Bearish
- 10:26Weak bullish
- 12:11Bullish
- 12:26Weak bullish
- 13:21Bullish
- 13:36Neutral
- 16:42Weak bullish
- 19:02Weak bearish
- 22:42Weak bullish
Headlines (10)
First seen on October 8
- British Pound slips due to stable US Dollar, rising oil pricesFXStreet
- Euro-Dollar Sub-1.10?poundsterlinglive.com
- GBP/USD Price Forecast: Bears await break below trading range support near 1.3180FXStreet
Carried over from earlier days
- 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
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 8 | ||
| FOMC Member Waller Speaks | USD | |
| BOE Credit Conditions Survey | GBP | |
| MPC Member Pill Speaks | GBP | |
| MPC Member Greene Speaks | GBP | |
| BOE Gov Bailey Speaks | GBP | |
| Unemployment Claims | 200K | USD |
| MPC Member Lombardelli Speaks | GBP | |
| Final Wholesale Inventories m/m | 0.7% | USD |