{
  "id": 561563,
  "title": "GBP/USD Price Forecast: Holds Descending Triangle breakout",
  "url": "https://urgent.news/2026/08/11/gbp-usd-price-forecast-holds-descending-triangle-breakout",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T11:46:57.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gbp-usd-price-forecast-holds-descending-triangle-breakout-202608111146"
  },
  "original_language": "en",
  "account": "During the European session on Tuesday, the GBP/USD pair traded slightly lower at around 1.3500. The Cable declined as the US Dollar (USD) rose, but financial markets were skeptical of the minor recovery observed this week. Traders revised their hawkish Federal Reserve (Fed) expectations for the September policy meeting due to weak US Nonfarm Payrolls (NFP) data for July and substantial revisions to past months' data. Economists at ING described the July US jobs report as surprisingly weak, with nonfarm payrolls falling by 23,000 on the month. The softness was further exacerbated by 103,000 downward revisions to the past two months of data, reducing the 3-month average gain in payrolls to just 20,000. The odds of the Fed holding interest rates steady in the September meeting have risen to 50% from 30.4% a month prior, according to the CME FedWatch tool. Investors will now focus on the US Consumer Price Index (CPI) data for July and the UK Q2 and June Gross Domestic Product (GDP) data released on Wednesday and Thursday, respectively. The GBP/USD pair is supported by both dynamic and structural levels, with the Relative Strength Index (14) at around 60 indicating firm but not overextended bullish momentum. Support is seen at the former resistance trend line turned floor near 1.3455, followed by the 20-period EMA at 1.3429, where buyers may re-enter if corrective pressure develops. If GBP/USD manages to rise sustainably above the July 15 high at 1.3558, it could advance towards 1.3600.",
  "summary": "The GBP/USD pair trades marginally lower at around 1.3500 during the European trading session on Tuesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}