Market Fundamental Analysis for August 31, 2026 GBPUSD
GBPUSD:
A month without swaps on majors!
The pound remains supported by persistent UK inflation, which reduces the likelihood of imminent Bank of England easing. However, this factor has largely been priced in, limiting further GBPUSD gains.
Meanwhile, hawkish Federal Reserve signals have lifted US bond yields and increased expectations of a September rate hike. The dollar’s momentum currently outweighs local support for the pound, creating conditions for further GBPUSD decline.
Trade idea: SELL 1.35420, SL 1.35870, TP 1.34340
