The daily trend is down, momentum indicators are sub-neutral, GBP sits beneath its major daily moving averages, and today's US data slate — ADP employment, ISM Manufacturing PMI, and a live Warsh speech — creates a USD-positive asymmetric risk skew that keeps the path of least resistance tilted against sterling in the near term.
Edition 2026-07-01 · prediction window to Wed 1 Jul 2026 21:00 UTC (22:00 BST)
Catalyst: Active and imminent: ADP Nonfarm Employment (07:15 ET), Fed Governor Warsh speech (08:00 ET), and ISM Manufacturing PMI (09:00 ET) are all scheduled for July 1 within the US pre-market and morning window. These are the primary market-moving events. The BoE's next decision is not until July 30.
Data: twelvedata
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