Market Fundamental Analysis for July 8, 2026 GBPUSD
Event to watch today:
21:00 EET. USD - FOMC Meeting Minutes
GBPUSD:
The pound is supported by stronger UK wage signals, as a fresh recruitment survey showed better temporary hiring and faster starting salary growth. This limits the Bank of England’s room to shift quickly toward a softer policy stance.
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The US dollar remains supported by geopolitical tension and expectations ahead of the Federal Reserve minutes. Still, fresh UK data give sterling its own support. If current conditions remain in place, the buy idea remains justified.
Trading idea: BUY 1.3355, SL 1.3325, TP 1.3445
