GBPUSDBritish Pound / US Dollar
1.3478
-0.03%
SUPPORT:1.3421.335
RESISTANCE:1.3521.36
Past
What happened
Cable churned near 1.3478, effectively flat, with sterling unable to extract gains from the weaker dollar tape.
Why
Why it matters
UK fiscal worries — gilt market still digesting Labour leadership noise — are capping every upside attempt despite the global risk-on backdrop.
Watch
What to watch
1.3520 resistance has held three sessions; 1.3420 support is the line that confirms UK-specific weakness.
HEADLINES
- Dollar drifts lower as oil falls on Hormuz deal optimismReuters
- Deutsche Bank sees room for a further rally in EUR/GBPInvesting.com
- Gilts Slump in Anticipation of Burnham Challenge to StarmerBloomberg
- U.K. PM Starmer Is in Danger. Why the Timing of His Exit Matters for Markets.Barrons.com
- U.K.’s Starmer Fights for Job as Leadership Crisis Spills Into MarketsThe Wall Street Journal