GBPUSD: BUY 1.3535, SL 1.3515, TP 1.3635 | 03 September 2025

Event to watch today:

02.09.25 17:00 EET. USD - ISM Manufacturing Index

GBPUSD:

The GBP/USD pair maintains optimism thanks to the fundamental background: the Bank of England recently left rates unchanged, and the expected Fed rate cut is stimulating interest in the British pound. The US dollar is under pressure from weak macroeconomic data, and a decline in the consumer sentiment index is further limiting the dollar's position against the pound.

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Markets are awaiting the release of important US employment statistics, the results of which could increase the pair's volatility. The British economy is showing resilience even with weak inflation dynamics, which is helping the pound hold its position in the upper part of the range and form a positive mood among investors.

On the pound's side, the key factor remains several improved economic indicators, and the Bank of England's decision on rates supports the pair's short-term growth. Given the current situation, the fundamental conditions are in favor of maintaining and strengthening the bullish momentum with a target movement towards 1.3660.

Trading recommendation: BUY 1.3535, SL 1.3515, TP 1.3635

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