Fundamental Market Analysis for June 8, 2026 GBPUSDBritish Pound/US DollarSAXO:GBPUSDFresh-Forexcast2004GBP/USD is trading near 1.33400, remaining close to three-week lows after the strong US labor market report. The dollar gained support as investors started to factor in a higher probability of a more elevated Fed rate by the end of the year. This creates external pressure on the pound: even a local recovery does not look sustainable while US statistics confirm the strength of the American economy and support demand for the dollar. The domestic background for the pound also does not provide a solid reason for growth. This week, market attention is shifting to the UK GDP data for April. Expectations of weak economic dynamics increase doubts that the Bank of England will be able to maintain a stricter policy stance without damaging business activity. The market is factoring in the probability of a rate increase, but weak growth makes support for the pound less stable. The base-case scenario for today is continued pressure on GBP/USD. If demand for the dollar remains high and investors continue preparing for strong US inflation data, the pair may extend its decline. The pound may receive short-term support only if expectations for the UK economy improve clearly, but the current fundamental balance remains in favor of the dollar. Trading recommendation: SELL 1.33350, SL 1.33650, TP 1.32450