No major events are expected today.
GBP/USD is trading around 1.3420, and the movement of the pair largely depends on the U.S. economy. The dollar continues to be supported by strong economic data from the U.S., which keeps expectations for prolonged high rates in the U.S. This supports the dollar through liquidity demand and bond yields.
In the UK, the situation is less convincing. Slowing inflation and expected cooling of the labor market are leading to discussions about a potential rate cut by the Bank of England. Optimism regarding fiscal discipline supports the bond market, but the likelihood of more dovish monetary policy is also increasing. The next data from the UK could have a significant impact on the pound.
If the statistics from the UK are weaker than expected, the market could quickly price in the possibility of a rate cut by the Bank of England, which would put pressure on the pound. At the same time, U.S. economic resilience or an increase in global uncertainty could support the dollar.
Recommendation: SELL 1.3405, SL 1.3430, TP 1.3325.