Dollar index recovery capped by resistance at 100.48 as fiscal concerns and bond auction weakness persist.
GBP/USD remains above its moving average, sustaining an uptrend. Key support sits at 1.3346 and 1.3327, with resistance at 1.3478 and 1.3536.
UK inflation data continues to come in hot, reducing the likelihood of near-term rate cuts from the Bank of England. This has helped the pound maintain strength against the dollar, which remains hindered by market unease over Trump’s budget bill and credit downgrade risks.
