Market Fundamental Analysis for August 10, 2026 GBPUSD
GBPUSD:
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The pound begins the new session with moderate support from fresh UK labor market data. The REC/KPMG survey showed signs of stabilization in hiring in July and faster growth in starting salaries. This reduces the risk of a sharp deterioration in domestic conditions and keeps the Bank of England focused on price pressures, but it does not yet provide GBPUSD with a strong independent bullish driver.
Trading idea: SELL 1.3485, SL 1.3520, TP 1.3400
