// COMPARE

Cable closed at 1.3445 (+0.21%), a modest grind higher tracking broad dollar softness. Deutsche Bank's EUR/GBP rally call dampened sterling enthusiasm; GBP underperformed EUR on the session.

Sterling lacks a domestic catalyst this week, so it's purely a dollar funding play. BoE pricing already discounts cuts; without an inflation shock, GBP is range-bound between dollar sentiment and EUR cross-flow.

UK retail sales data and any BoE speaker hints on August cut timing. Resistance at 1.3480; support 1.3400. EUR/GBP move above 0.8680 would cap GBP/USD regardless of dollar direction.

Nasdaq 100 jumped to 30,223.9 (+0.84%), outperforming as AI-leveraged names led on the ceasefire bid plus fresh Anthropic $1T valuation chatter. Micron Q1 earnings still echoing.

The AI capex narrative is still doing the heavy lifting — Anthropic IPO and Samsung HBM4E shipping headlines reinforce the spend cycle. Peter Schiff's bubble warning is the only counter, and it hasn't bit yet.

30,500 is the next round-number magnet. PCE Friday plus any Nvidia commentary into the next earnings window. Loss of 29,800 would be the first real warning shot.