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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.

Nasdaq 100 hit a new all-time high at 29,235 — a 2.35% surge led by semis after the Philadelphia Semiconductor Index also reached a record.

AI capex cycle is entering a new phase. Hyperscalers are spending faster than consensus, and the market is rewarding the entire supply chain — from chips to cloud to cooling.

30,000 round number is the next magnet. Earnings from Cisco and Applied Materials this week will test whether the AI narrative has more room.