GBPUSDBritish Pound / US Dollar
1.3322
-0.52%
SUPPORT:1.32191.3095
RESISTANCE:1.34251.3549
Past
What happened
Cable lost 69 pips to 1.3322 as gilts joined the global bond selloff and the bond-FX cross-asset signal flipped: higher UK yields are now seen as a stagflation premium, not a hawkish positive.
Why
Why it matters
The Starmer leadership wobble that first hit gilts has metastasized into a credibility discount. With UK fiscal risk premium widening, sterling can't capitalize on dollar weakness elsewhere.
Watch
What to watch
1.3300 is the first line; a daily close below targets 1.3220 (200DMA). Upside needs 1.3390 reclaim. UK CPI midweek and BoE speakers are the binary events.
HEADLINES