GBPUSD: SELL 1.3285, SL 1.3305, TP 1.3180 | 07 Agosto 2025
07 Agosto 2025, GBP/USD
Event to Watch Today:
06 Aug 11:30 EET – GBP – Construction PMI
06 Aug 17:30 EET – USD – US DOE Crude Oil Inventories
06 Aug 19:45 EET – USD – FOMC Member Mary Daly speaks
GBPUSD:
Sterling stays on the back foot ahead of tomorrow’s Bank of England decision: consensus expects the Bank Rate to be held at 5.25 percent, but markets price only one or two modest cuts by year-end as inflation has slowed to 2.6 percent while June retail sales fell 0.9 percent m/m.
Only for our readers – a 202% bonus on deposits from $202. Mention promo code PROFIT202 to support and trade with TRIPLED capital. Details of the promotion are available via the link.
Additional pressure stems from fiscal concerns: the UK Treasury warned that GBP 4 billion of spending cuts will be needed in 2026 to keep the deficit at the 3 percent-of-GDP target, stoking stagflation fears and capping the pound’s upside.
The dollar is buoyed by inflows into US yield assets: the 10-year Treasury yield has climbed to 4.47 percent, widening the spread over 10-year gilts to 155 basis points—historically associated with GBPUSD weakness.
Trading Recommendation: SELL 1.3285, SL 1.3305, TP 1.3180
Deposit funds into your account and receive up to 15% in your balance on your first deposit. The additional funds will be used for trading, increasing trading volumes and helping to withstand drawdowns.
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.
