British Pound clings to gains against US Dollar, US CPI in focus
Pound Sterling Price News and Forecast: GBP/USD climbs as Hormuz talks stall, US CPI in focus
GBP/USD enters the week of 10–14 August near 1.3500 – its highest level since 15 July. Sterling is building on the momentum from a sharp decline in the dollar following a weak US labour market report, which reduced expectations of a Federal Reserve rate hike in September.
GBP/USD starts the week on a strong footing
We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance.
The pair gained momentum following the release of the US labour market report for July 2026 on 7 August. Non-farm employment fell by 23,000 jobs, compared with a forecast for an increase of 80,000 jobs among economists surveyed by Reuters.
The GBPUSD pair is signaling weakness in early August despite the calming of the geopolitical risk in the Middle East. We discuss why
British Pound: Upside fades below 1.3410 against US Dollar - UOB
Pound Sterling Price News and Forecast: GBP/USD remains weaker as UK-US yields narrow
Pound Sterling Price News and Forecast: GBP/USD steadies despite strong US jobs data ahead of NFP
We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance.
British Pound: Gains capped below 1.3555 against US Dollar - UOB