GBPUSDBritish Pound / US Dollar
1.3406
-0.36%
SUPPORT:1.33151.3223
RESISTANCE:1.34981.3589
Past
What happened
Cable slipped 49 pips to 1.3406, the worst G10 performer overnight as gilt-yield drift weighed and traders unwound long sterling positioning into month-end. Range was orderly between 1.3395-1.3460 across Asia.
Why
Why it matters
Deutsche Bank flagged room for further EUR/GBP upside, drawing capital away from sterling. BoE pricing is still leaning to one more cut by Q3; the dollar weakness alone isn't enough to drag GBP higher when the cross is bleeding.
Watch
What to watch
No tier-1 UK data today — sterling moves on the EUR/GBP cross and US PCE Friday. Resistance 1.3498 (yesterday's high), support 1.3314 (2σ ATR). Below 1.3380 invites stop-driven flush.
HEADLINES