Market Fundamental Analysis for July 29, 2026 GBPUSD
Event to watch:
21:00 EET. USD — FOMC Rate Decision
GBPUSD:
GBPUSD is trading near 1.3295. The pound remains under pressure from weaker UK labor market data and caution ahead of the Bank of England’s decision. Rates are expected to remain at 3.75%.
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The dollar remains supported by elevated yields and expectations of a firm Federal Reserve stance. Unless the Fed weakens expectations of a September rate increase, the bearish scenario remains the priority.
Trading idea: SELL 1.3295, SL 1.3330, TP 1.3225
