GBPUSD: SELL 1.3200, SL 1.3250, TP 1.3100 | 04 Agosto 2025
04 Agosto 2025, GBP/USD
An event to watch today:
01.08 11:30 EET. GBP - Manufacturing PMI
01.08 15:30 EET. USD - Nonfarm payrolls
01.08 17:00 EET. USD - ISM Manufacturing Index
GBPUSD:
The pound remains under pressure due to the strengthening of the dollar and expectations of further easing of the Bank of England's policy at its meeting on August 7. The regulator's rhetoric in June-July pointed to a “gradual and cautious” course of rate cuts amid weak growth, and the market is pricing in the likelihood of another move at the next meeting. The situation is complicated by the fact that July inflation in Britain unexpectedly accelerated, but the regulator interprets it as a temporary consequence of tariff and price shocks, not wanting to tighten financial conditions excessively.
Exclusive for our readers – a 202% bonus on deposits of $202 or more! Give the promo code PROFIT202 to customer support and start trading with TRIPLED capital. Full promo details are available via the link.
The external environment is also unfavorable for the GBP: the US has imposed new tariffs on a number of trading partners, strengthening demand for the dollar as a risk-free asset. For the UK, the trade implications are mixed: part of the supply chain is focused on the dollar zone, and industry is sensitive to global demand, which, in the context of prolonged uncertainty, is hitting investment and employment expectations. The risks of a decline in private sector business activity remain elevated.
Today, attention is focused on US employment data: if the labor market confirms its stability, the likelihood of a Fed rate cut in September will decrease further, which will keep the dollar in the ascendancy. All these factors combined create a bearish bias for GBPUSD in the short term, with any brief rebounds from local oversold conditions typically being used for selling.
Trading recommendation: SELL 1.3200, SL 1.3250, TP 1.3100
Up to $20 for each lot in real money - get a guaranteed income by connecting Cashback promotion!
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
