💷
Bearish
GBP/USD
Archived analysis from Jul 29, 2026, 1:24 PM
With the Fed decision imminent and the BoE expected to hold at 3.75%, GBP/USD is caught between two cautious central banks — but surging oil prices (+6.1% today) and Middle East escalation are tightening the dollar's safe-haven bid against the pound.
Cable has failed to hold above the key resistance zone at 1.3462–1.3483, confirming a bearish breakdown from its rising intraday channel and printing a second consecutive week of losses.
Main Risk
Surging Oil Prices & Middle East Escalation
WTI crude spiking +6.1% to $83.4 today signals a classic risk-off flight to USD safety, which directly pressures GBP/USD below the 1.3300 psychological level.
Levels, scenarios & outlook are only available in the app — for all analyses, including archived ones.
Get the App