// 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.

Tesla closed at $442.10 (+0.40%), drifting higher with the broader Nasdaq. SpaceX-merger overhang dominated the news flow; production headlines absent.

TSLA is trading as a SpaceX-merger event rather than a fundamental EV story right now — shareholders are pricing dilution risk versus optionality. Robotaxi narrative is on the bench until next datapoint.

Any official SpaceX-merger terms or Musk commentary. June delivery numbers loom. Resistance $450; support $432. Break of $430 would be the first technical warning.