// COMPARE

Apple rallied 2% to $293.32, just $1.44 from its all-time high. The 2026 chip war narrative — with Apple dominating custom silicon — fueled the bid.

Apple's vertical integration moat is finally being priced as an AI advantage. On-device AI processing via Apple Silicon gives it a unique privacy-first positioning.

ATH at $294.76 is one strong session away. WWDC in June with new AI features is the next major catalyst. Break above $295 targets $300.

Cable gained 45 pips to 1.3601, supported by broad dollar weakness and solid UK services PMI data last week.

BoE rate path divergence from the Fed is widening — UK inflation persistence keeps the BoE on hold while Fed signals cuts. Sterling benefits.

UK employment data Wednesday 09:00 TRT. Rising wages would reinforce BoE hawkishness and push cable toward 1.3700.