# GBP/USD slips as firm US jobless claims offset BoE cut bets

> GBP/USD slipped to about 1.3544 after US initial jobless claims for the week ending February 21 came in at 212K, below the 215K forecast. Fed Governor Stephen Miran reiterated a dovish stance, while UK political pressure on Keir Starmer and rising BoE easing bets limited sterling's gains.

- Date: 2026-02-26 · published 2026-02-26T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/20861-gbp-usd-slips-as-firm-us-jobless-claims-offset-boe-cut-bets
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Firm US labour data supports the dollar, while BoE cut bets weigh on sterling, so the net effect is a modest currency move with little direct impact on feed commodity prices.

## Read by commodity

- DXY: neutral
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-16 | [Dollar steady as U.S. jobless claims boost Fed rate cut bets](https://feedsoft.ai/events/10103-dollar-steady-as-u-s-jobless-claims-boost-fed-rate-cut-bets.md) | -0.3% | -1.2% |
| DXY | 2024-09-23 | [The FED's first rate cut - Cross-asset outlook \| Julius Baer](https://feedsoft.ai/events/28509-the-fed-s-first-rate-cut-cross-asset-outlook-julius-baer.md) | -0.2% | +2.5% |
| DXY | 2026-07-30 | [Dollar Slips As Markets Wait For US Data Drops - Finimize](https://feedsoft.ai/events/18553-dollar-slips-as-markets-wait-for-us-data-drops-finimize.md) | -1.2% | -1.9% |
| DXY | 2025-08-30 | [Ringgit steadies as markets eye Bank Negara and US jobs data in first week of Sept \| Malay Mail](https://feedsoft.ai/events/23581-ringgit-steadies-as-markets-eye-bank-negara-and-us-jobs-data-in-first-week-of.md) | -0.1% | -0.1% |
| DXY | 2019-09-27 | [Sterling slips after BOE policymaker says Brexit uncertainty could mean a rate cut](https://feedsoft.ai/events/57313-sterling-slips-after-boe-policymaker-says-brexit-uncertainty-could-mean-a-rate.md) | -0.1% | -1.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gbp-usd-slips-as-firm-us-jobless-claims-offsets-boe-cut-bets-202602261559

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.