GBPUSDBritish Pound / US Dollar
1.3456
-0.30%
SUPPORT:1.33641.3272
RESISTANCE:1.35471.3639
Past
What happened
Cable slipped 0.30% to 1.3456, underperforming EUR as gilts caught a UK-specific bid on weaker domestic data, narrowing the rate gap that had been supporting GBP.
Why
Why it matters
GBP-USD is no longer driven by USD weakness alone — BoE pricing is now leaning more dovish than Fed pricing, so the pair lags EUR-USD on dollar-down days.
Watch
What to watch
1.3420 must hold to keep the 4-week range intact; UK GDP revision later this week is the next domestic catalyst.
HEADLINES
- Dollar climbs as US strikes on Iran dent ceasefire optimismReuters
- 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
- UK borrowing costs hit 28-year-high as City braces for Burnham challengePA Media: Money