GBPUSDBritish Pound / US Dollar
1.3535
-0.44%
Past
What happened
Cable sold off 60 pips to 1.3535 as sterling reversed Friday's gains, weighed by rising oil costs and a firmer dollar.
Why
Why it matters
UK snap election risk is building — polls show Labour's lead narrowing, and currency markets are pricing political uncertainty alongside the oil-driven inflation hit to the UK consumer.
Watch
What to watch
UK employment data Wednesday 09:00 TRT — wage growth above 6% keeps the BoE boxed in; below 5.5% opens a dovish pivot.
HEADLINES