GBPUSDBritish Pound / US Dollar
1.3517
-0.55%
Past
What happened
Cable dropped to 1.3517, giving back 75 pips as the dollar firmed post-PPI. UK had no major data to counter the move.
Why
Why it matters
Sterling is caught between a hawkish BoE stance and broad dollar strength; the pair is trading on US macro, not UK fundamentals right now.
Watch
What to watch
UK employment data due Thursday -- a soft labor market reading could accelerate GBP weakness toward 1.3450.
HEADLINES