GBPUSDBritish Pound / US Dollar
1.3480
+0.36%
SUPPORT:1.3421.338
RESISTANCE:1.351.358
Past
What happened
Cable lifted to 1.3480 (+48 pips), tracking the broad dollar slide and outperforming EUR/USD as gilts steadied after last week's Burnham-leadership rout.
Why
Why it matters
GBP is benefiting twice: dollar weakness plus a tactical short-cover after the political-risk premium peaked. The 1.35 handle would have looked impossible two weeks ago.
Watch
What to watch
Thin US session today; tomorrow's BoE Pill speech is the key UK event. A clean break of 1.3500 opens 1.3580; failure here invites a retest of 1.3380.
HEADLINES