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EUR edged to 1.1769 as the dollar softened on risk-on flows into Asian equities and tech. DXY held below 98.10 for a third straight session.

Weak dollar momentum is structural — markets are pricing two Fed cuts by September while ECB stays hawkish on sticky services inflation.

US CPI Tuesday 15:30 TRT is the week's pivot. Core above 0.3% MoM would reprice Fed path and reverse dollar weakness sharply.

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.