GBPUSD back below 1.3000 but dip demand expected again

GBPUSD has now popped back down through 1.3000 as sellers prevail 11 Aug

New Asian/session lows of 1.2995 as Europe starts to shuffle in.

Bids/support around 1.2980 with larger strong demand into 1.2950 still lurking should we dip lower. Sellers can now be expected into 1.3020 again with stronger interest at 1.3050.

Yesterday I highlighted the strong offers around 1.3100 and with a high of 1.3194 I hope a few of you were able to take advantage.

EURGBP still underpinned but decent offers at 0.8600 capping so far and that's adding to the cable dip demand. Currently 0.8589

Best in 2026

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