GBPUSDBritish Pound / US Dollar
1.3326
-0.49%
SUPPORT:1.33031.3202
RESISTANCE:1.34051.3506
Past
What happened
GBP/USD slipped to 1.3326 over the weekend as UK 30-year gilt yields hit a 28-year high on speculation Burnham will challenge Starmer — fiscal credibility is the new sterling tax.
Why
Why it matters
This is a leadership crisis priced as a bond crisis: gilts are leading the move, sterling is the second-derivative trade. Until the Labour leadership question resolves, every rally is rented.
Watch
What to watch
1.3303 support has held three sessions; a daily close below opens 1.3200. Any Burnham announcement or Starmer cabinet reshuffle will move the pair before any UK data this week.
HEADLINES