GBPUSDBritish Pound / US Dollar
1.3418
-0.12%
SUPPORT:1.33341.324
RESISTANCE:1.35221.3616
Past
What happened
Cable held flat at 1.3428 — UK gilt yields stayed elevated near 28-year highs as Burnham leadership rumours kept sterling beta pressured.
Why
Why it matters
Deutsche Bank sees room for EUR/GBP to extend higher — UK political risk is reasserting itself as the dominant idiosyncratic factor over central bank divergence.
Watch
What to watch
Fed minutes tonight set the broader USD tone. Break below 1.3380 opens 1.3300; 1.3500 caps any relief rally on dovish surprises.
Past
What happened
Cable held flat at 1.3428 — UK gilt yields stayed elevated near 28-year highs as Burnham leadership rumours kept sterling beta pressured.
Why
Why it matters
Deutsche Bank sees room for EUR/GBP to extend higher — UK political risk is reasserting itself as the dominant idiosyncratic factor over central bank divergence.
Watch
What to watch
Fed minutes tonight set the broader USD tone. Break below 1.3380 opens 1.3300; 1.3500 caps any relief rally on dovish surprises.
HEADLINES
- Deutsche Bank sees room for a further rally in EUR/GBPInvesting.com
- Gilts Slump in Anticipation of Burnham Challenge to StarmerBloomberg
- UK borrowing costs hit 28-year-high as City braces for Burnham challengePA Media: Money
- Deutsche Bank sees room for a further rally in EUR/GBPInvesting.com
- Gilts Slump in Anticipation of Burnham Challenge to StarmerBloomberg
- UK borrowing costs hit 28-year-high as City braces for Burnham challengePA Media: Money