GBPUSD: BUY 1.3505, SL 1.3455, TP 1.3570 | 29 August 2025

Event to watch today:

28.08 15:30 EET. USD - Unemployment Claims

GBPUSD:

GBP/USD holds near 1.35 as expectations for swift and aggressive Bank of England easing have faded and the UK labor market shows resilience. On the crosses, sterling finds support because investors favor currencies with slightly tighter policy profiles amid lingering political uncertainty in the euro area.

Exclusive for our readers — a 202% bonus on deposits from $202: mention promo code INDEX202 in support and trade with TRIPLED capital. See promo details via the link.

The external backdrop is moderately constructive: risk appetite is stabilizing, and the Fed’s data-dependence rhetoric reduces the odds of a sharp USD surge absent strong US surprises. That combination creates a window for the pound to edge above the psychological 1.3500 handle and consolidate if the US tape stays benign.

Key risks include unexpectedly “hot” US data that would lift Treasury yields and pressure risk sentiment, or softer UK prints on consumption and services inflation. With a neutral news flow, however, the advantage tilts toward a gradual advance in GBP/USD.

Trading recommendation: BUY 1.3505, SL 1.3455, TP 1.3570

FreshForex offers a wonderful 300% bonus on every deposit of $100 or more, giving you the opportunity to increase your trading volumes!