No major events are expected today.

GBP/USD is trading near 1.340–1.342, while the dollar remains supported by resilient U.S. macroeconomic data and expectations of a prolonged period of tight financial conditions. Demand for the dollar is underpinned by U.S. Treasury yields, limiting the pair’s upside potential.

On the UK side, the fundamental backdrop remains weaker: slowing inflation and signs of cooling in the labor market strengthen expectations of a more accommodative stance from the Bank of England. This keeps pressure on the pound and increases the risks of further downside in the pair.

As long as the current balance of factors persists, the fundamental bias remains in favor of the dollar, supporting a move in GBP/USD below current levels.

Recommendations: SELL 1.3410, SL 1.3440, TP 1.3330